WILLIAM DONALD SCHAEFER, Governor Ch. 695

(C) THE RECORDS KEPT BY THE SPORTS AGENT UNDER THIS SECTION
MUST FULLY DESCRIBE:

(1)  THE NATURE OF THE EXPENDITURE;

(2)  THE DOLLAR AMOUNT OF THE EXPENDITURE;

(3)  THE PURPOSE OF THE EXPENDITURE;

(4)  THE DATE AND PLACE OF THE EXPENDITURE; AND

(5)  EACH PERSON ON WHOSE BEHALF THE EXPENDITURE WAS
MADE.

614.

A PERSON WHO KNOWINGLY OR WILLFULLY VIOLATES ANY PROVISION
OF THIS SUBTITLE IS GUILTY OF A MISDEMEANOR AND ON CONVICTION IS
SUBJECT TO A FINE NOT EXCEEDING $10,000 OR IMPRISONMENT NOT
EXCEEDING 1 YEAR OR BOTH.

615.

THIS SUBTITLE SHALL ONLY APPLY TO AN AGENT CONTRACT OR
FINANCIAL SERVICES CONTRACT THAT A SPORTS AGENT ENTERS INTO WITH
AN ATHLETE;

(1)  PRIOR TO THE COMPLETION OF THE ATHLETE'S LAST
INTERCOLLEGIATE OR HIGH SCHOOL CONTEST, INCLUDING POSTSEASON
GAMES; OR

(2)  DURING THE FIRST 12-MONTH PERIOD AFTER THE

COMPLETION OF THE ATHLETE'S LAST INTERCOLLEGIATE OR HIGH SCHOOL
CONTEST, INCLUDING POSTSEASON GAMES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 27, 1988.

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