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MS HB921
Bill
Status
2/1/2011
Primary Sponsor
Omeria Scott
Click for details
AI Summary
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Requires every university eligible for postseason bowl games to place 33% of all revenue received from bowl game acceptance, participation, and wins into an escrow account.
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Mandates distribution of accumulated escrow funds to graduating athletes according to their pro rata share during their period of active eligibility.
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Establishes legislative finding that athletes invest significant time and effort generating bowl game revenue while coaches receive generous compensation, justifying monetary compensation for athletes upon graduation.
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Takes effect July 1, 2011.
Legislative Description
Universities; require to place 33% of bowl game revenue in escrow account to distribute to graduating athletes.
Last Action
Died In Committee
2/1/2011