AMUSEMENTS/SPORTS: Provides relative to intercollegiate athletes at a postsecondary education institution. (gov sig) (OR SEE FISC NOTE SG EX)

SB 120 allows intercollegiate athletes at Louisiana colleges to earn compensation for the use of their name, image, or likeness (NIL), while requiring schools to facilitate these opportunities. It mandates that institutions provide annual financial literacy and life skills training for athletes, totaling at least seven hours per year. The bill also specifies that NIL contracts must comply with state law and prohibits institutions from restricting athletes' NIL activities under certain conditions. This directly affects student-athletes and Louisiana public and private universities participating in intercollegiate sports.