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GA SB149
Bill
Status
Passed
5/24/2010
Primary Sponsor
Ronnie Chance
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AI Summary
- Terminates the Georgia Athlete Agent Regulatory Commission and transfers all regulatory authority over athlete agents to the Secretary of State, including registration, discipline, and rulemaking powers
- Requires individuals to obtain a certificate of registration from the Secretary of State before acting as an athlete agent in Georgia, with registrations valid for up to two years
- Athlete agents must post a surety bond of at least $10,000, retain records for five years, and notify athletic directors within 72 hours of entering an agency contract with a student athlete
- Establishes criminal penalties of $5,000 to $100,000 in fines and one to five years imprisonment (felony) for prohibited conduct, and authorizes civil penalties up to $25,000 per violation
- Grants student athletes a 14-day cancellation period for agency contracts and provides educational institutions a civil right of action for damages caused by violations, including recovery of costs and attorney's fees
Legislative Description
Uniform Athlete Agents Act; regulation of athlete agents; terminate Georgia Athlete Agent Regulatory Commission; definitions
Last Action
Effective Date
7/1/2010
Committee Referrals
Judiciary3/12/2009
Regulated Industries and Utilities2/12/2009
Full Bill Text
No bill text available