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MS HB226

Bill

Official Source

Status

Failed

3/6/2012

Primary Sponsor

Omeria Scott

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • 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.

  • Mandates distribution of accumulated escrow funds to graduating athletes according to their pro rata share based on their active eligibility period at the university.

  • Establishes that athletic coaches receive generous compensation from bowl revenues while athletes receive minimal monetary gain, justifying athlete compensation upon graduation.

  • Takes effect July 1, 2012.

Legislative Description

Universities; require to place 33% of bowl game revenue in escrow account to distribute to graduating athletes.

Last Action

Died In Committee

3/6/2012

Full Bill Text

No bill text available