AUSTIN, Texas — Texas joins 18 other states in allowing college athletes to profit off their names, images and likenesses.  

Gov. Greg Abbott signed Senate Bill 1385 on Monday and it will take effect in Texas on July 1. Similar legislation will go into effect that day in five other states. They are: Alabama, Florida, Georgia, Mississippi and New Mexico.

The Texas Senate originally passed the bill in a 28-2 vote, and the House approved the bill by a landslide vote of 117-27.

The bill requires student-athletes to disclose any NIL agreements to their schools. Additionally, universities and colleges throughout the state are prohibited from providing compensation to their student athletes for their NIL.

Also, included in the bill, is a clause that requires student-athletes to attend financial literacy and life skills workshops at the beginning of their first and third academic years. Student-athletes are not allowed to endorse alcohol, tobacco products, casino gambling, illegal firearms or sexually oriented businesses.

The state laws passed regarding student-athlete compensations could mean nothing if lawmakers at the federal level decide to pass a law to set a national standard for all colleges in the country.