Require school policies relating to name, image, and likeness rights for high school students

LB 1046 requires Nebraska schools to create policies allowing high school athletes (called "student-participants") to monetize their name, image, and likeness (NIL) while maintaining athletic eligibility. The bill mandates that schools prohibit NIL activities using school property, during school hours, or promoting alcohol, gambling, or illegal content, and requires students to disclose NIL agreements to school officials for review. Schools must also provide education on financial and tax implications of NIL deals. These policies must be adopted by the 2027-28 school year, with schools unable to penalize students for compliant NIL activities. The bill directly affects high school athletes participating in interscholastic sports or activities.