To outline the requirements and procedures to allow intercollegiate student athletes within the Florida College System (FCS) to earn compensation for the use of their name, image or likeness. The 24 FCS institutions that currently offer intercollegiate athletic programs are members of the National Junior College Athletic Association (NJCAA). Student athletes under the NJCAA are considered amateur athletes. NJCAA Bylaw Article V, Section 4 prohibits amateur athletes from earning compensation based on athletic skill or participation. In 2020, Senate Bill 646 created section 1006.74, Florida Statutes (F.S.), which grants FCS intercollegiate athletes the ability to earn compensation for the use of their name, image or likeness. The effect is clarifying the roles and responsibilities of intercollegiate student athletes and FCS institutions as it relates to compensation, specifying the requirements of financial literacy and life skills workshops, and establishing annual reporting requirements.