Not exactly unlimited; the number of scholarships will be governed by the roster limit, which is expected to be reduced [in football] from the current 120 to 100. A more serious problem for UL is the proposal to make baseball [and presumably softball] into head count sports, i.e. one scholarship per player. One would think there would also be reductions in roster limits for the affected sports.
As proposed, football would increase from 85 to 100. Men's basketball increases from 13 to 15. Those increases in scholarships are likely to lead to schools dropping men's sports like golf and tennis to stay in compliance with Title 9. Track/Field/Cross country will be devastated by this if it also becomes head count.
Look for the required number of sponsored sports to remain FBS to drop from 16 to 14 or less, with similar reductions in lower divisions as well.