Texas SB2030 prohibits agreements that advance future income or charge interest on such advances to student athletes.

Texas SB2030 amends the Occupations Code to add a chapter prohibiting certain agreements involving student athletes' name, image, and likeness. Specifically, it bans agreements where student athletes receive a percentage of future income or are charged interest on such advances. Violators face civil penalties up to $100,000 per violation. The attorney general can seek injunctive relief and recover attorney's fees and court costs. Agreements violating this chapter are void and unenforceable, and cannot waive the chapter's requirements.

Texas SB2030 prohibits agreements that advance future income or charge interest on such advances to student athletes.

Texas SB2030 amends the Occupations Code to add a chapter prohibiting certain agreements involving student athletes' name, image, and likeness. Specifically, it bans agreements where student athletes receive a percentage of future income or are charged interest on such advances. Violators face civil penalties up to $100,000 per violation. The attorney general can seek injunctive relief and recover attorney's fees and court costs. Agreements violating this chapter are void and unenforceable, and cannot waive the chapter's requirements.