505 Sports Venture Foundation
New Mexico · unknown
Needs verification
UNM's FAQ calls 505SVF the collective that has supported UNM athletes since 2021 and says it will no longer be the primary source of support.
Verified Nov 1, 2026
NIL law in force
New Mexico NIL law
Last verified Nov 1, 2026
At a glance
NIL law
- Citation
- N.M. Stat. § 21-31-3 (Student Athlete Endorsement Act) Original bill: SB 94
- Enacted / effective
- Enacted 2021 Effective July 1, 2021
Key provisions (as summarized by sources)
School direct pay / facilitation: Prohibited for current and prospective athletes (Drake) Agent rules: Representation allowed Other: Schools cannot restrict athletes' footwear choice in team activities (AAL)
Verification note
Resolved from the New Mexico Legislature: SB 94 (2021, Chapter 124, signed April 7, 2021) is the Student Athlete Endorsement Act, applying to contracts on or after July 1, 2021. No enacted 2020 SB 191 NIL law was found.
Sources (5)
Last verified Nov 1, 2026
Not legal advice. Read the statute or consult a licensed attorney. Report a correction.
New Mexico NIL questions
Does New Mexico have an NIL law?
New Mexico NIL law status: NIL law in force (NIL law). Citation: N.M. Stat. § 21-31-3 (Student Athlete Endorsement Act). Dates: Enacted 2021 Effective July 1, 2021. Not legal advice.
Which FBS schools in New Mexico does NILList cover?
NILList covers 2 FBS schools in New Mexico: University of New Mexico and New Mexico State University.
How many NIL collectives does NILList list in New Mexico?
NILList lists 2 NIL collectives serving FBS schools in New Mexico: 505 Sports Venture Foundation and A-Mountain Sports.
What sources back this New Mexico NIL law summary?
NILList bases this New Mexico summary on New Mexico Legislature, SB 94 (2021), SB 94 final text, College Football Business state NIL law table (Oct 2026), The Drake Group Education Fund and Athlete Agent Labs, last verified Nov 1, 2026.
Schools in New Mexico
Collectives in New Mexico
A-Mountain Sports
New Mexico State · active
Needs verification
Announced Oct. 2023 with Learfield as the official NIL collective of NM State Athletics.
Verified Nov 1, 2026