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(a) As used in this section:
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(1) “Athlete agent” means the same as defined in § 17-16-102;
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(2) “Damages caused by violations of athletic association or conference regulations” means:
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(A) Either:
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(i) An institution of higher education or a student-athlete enrolled at the institution of higher education is declared ineligible to compete in intercollegiate athletics by a national association that promotes or regulates intercollegiate athletics or by an intercollegiate athletic association or conference; or
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(ii) An institution of higher education is placed on probationary status by a national association that promotes or regulates intercollegiate athletics or by an intercollegiate athletic association or conference; and
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(B) As a result of the action under subdivision (a)(2)(A) of this section, the institution of higher education:
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(i) Loses the ability to grant an athletic scholarship;
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(ii) Loses the ability to recruit a student-athlete;
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(iii) Loses eligibility to participate in intercollegiate competition;
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(iv) Loses eligibility to participate in post-season intercollegiate competition;
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(v) Forfeits an athletic contest; or
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(vi) Suffers an adverse financial impact, including without limitation lost revenue from media coverage of athletic events or lost revenue from ticket sales; and
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(3) “Student-athlete” means an individual who engages in, is eligible to engage in, or may be eligible in the future to engage in an intercollegiate sport.
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(b) An institution of higher education may bring a civil action against the following:
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(1) An athlete agent violating a provision of the Uniform Athlete Agents Act, § 17-16-101 et seq., if his or her actions result in damages caused by violations of athletic association or conference regulations; or
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(2) A person who knowingly induces or otherwise knowingly causes a student-athlete to take actions that result in damages caused by violations of athletic association or conference regulations.
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(c)
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(1) An institution of higher education that prevails in a civil action under this section may recover compensatory damages, punitive damages, court costs, and reasonable attorney’s fees.
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(2) A court may award punitive damages even if the court does not award compensatory damages.
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(d) A court may grant equitable relief to an institution of higher education to prevent harm that could result from the acts or omissions of a person under subdivisions (b)(1) and (2) of this section if the court finds a reasonable likelihood that a violation occurred.