26RS SB 130

Senate Bill 130

Actions

Last Action	01/28/26: to Committee on Committees (S)
Title	AN ACT relating to postsecondary education.
Bill Documents	Introduced
Bill Request Number	1867
Sponsor	M. Nemes
Summary of Original Version	Create a new section of KRS 164.6941 to 164.6951 to define terms; require an intercollegiate athletics enterprise that provides a cumulative sum of more than $1,000 to coaches and student-athletes to register for a license with the Council on Postsecondary Education; provide for the terms of the license, require the reporting of contracts and amounts of intercollegiate athletics compensation; set the license fee at 10% of all compensation provided to student-athletes and coaches during the previous year; deposit fees into restricted scholarships account; create a new section of KRS Chapter 164 to distribute moneys to postsecondary institutions proportionally to the intercollegiate athletics compensation received by the institution's student-athletes and coaches; require postsecondary institutions to establish a scholarship program with funds received, set requirements for scholarship program, EFFECTIVE January 1, 2027.
Index Headings of Original Version	Athletics - Intercollegiate athletics enterprises, registration with Council on Postsecondary Education Athletics - Scholarships, intercollegiate athletics enterprises, establishment Business Entities And Organizations - Intercollegiate athletics enterprises, registration with Council on Postsecondary Education Commerce - Intercollegiate athletics enterprises, registration with Council on Postsecondary Education Education, Finance - Intercollegiate athletics enterprises, registration with Council on Postsecondary Education Education, Finance - Scholarships, intercollegiate athletics enterprises, establishment Education, Higher - Intercollegiate athletics enterprises, registration with Council on Postsecondary Education Education, Higher - Scholarships, intercollegiate athletics enterprises, establishment Effective Dates, Delayed - Intercollegiate athletics enterprises, registration, January 1, 2027 Effective Dates, Delayed - Scholarships, intercollegiate athletics enterprises, establishment, January 1, 2027 Licensing - Intercollegiate athletics enterprises, registration with Council on Postsecondary Education Licensing - Scholarships, intercollegiate athletics enterprises, establishment Funds - Scholarships, intercollegiate athletics enterprises, establishment