06RS SB258


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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

SB 258/CI (BR 2097) - A. Kerr

     AN ACT relating to the licensing of athletic agents.
     Create a new section of KRS 164.6901 to 164.6935 to establish the Kentucky Sports Agent Licensing Authority to regulate athlete agents; amend KRS 164.6903 to broaden the definitions of "athlete agent" and "student athlete"; define "financial services," and "participation"; amend KRS 164.6907 to prohibit any person from knowingly aiding or abetting anther person conducting business as a unlicensed athlete agent; amend KRS 164.6911 to require that applicants be of good moral character and at least eighteen years of age; amend KRS 164.6915 to increase the initial application fee and the application by endorsement fee from $300 to $500; increase the annual renewal fee from $300 to $1,000; amend KRS 164.6917 to make contracts voidable and unenforceable in certain conditions; amend KRS 164.6923 to establish that failure to provide the department access to records is grounds for disciplinary action; amend KRS 164.6925 to establish additional grounds for disciplinary actions, to include: failing to pay within 30 days assets belonging to another over which the agent has control; exhibiting professional conduct that demonstrates bad faith or dishonesty; not maintaining a separate trust or escrow account for proceeds received for another person, and accepting a student athlete as a client in exchange for consideration paid to an employee or a coach for a college or university; amend KRS 164.6927 to make violations of Act for which a penalty is not already specifically provided a Class D felony; amend KRS 164.6929 to specify what constitutes a university's damages; amend KRS 164.6905, 164.6913, and 164.6919 to conform.

     Mar 1-introduced in Senate
     Mar 3-to Economic Development, Tourism & Labor (S); taken from committee; laid on clerk's desk; taken from clerk's desk; 1st reading, to Calendar
     Mar 6-2nd reading; returned to Economic Development, Tourism & Labor (S)
     Mar 7-reported favorably, to Rules as a Consent Bill; posted for passage in the Consent Orders of the Day for Wednesday, March 8, 2006
     Mar 8-3rd reading, passed 38-0
     Mar 9-received in House
     Mar 13-to Licensing and Occupations (H)
     Mar 14-posting waived

Vote History

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