Allows a ticket to an athletic contest of an institution of higher education to be sold for more than face value in certain situations
Impact
By allowing individuals to resell tickets for more than their face value, this bill aims to offer more flexibility and opportunities for ticket sellers. Specifically, it allows for the resale price to include a prorated portion of any donations made to the institution or its foundations. This change is expected to benefit both attendees who may want to sell their tickets and institutions that rely on contributions to support their programs.
Summary
House Bill 155 seeks to amend existing Louisiana law regarding the resale of tickets to athletic contests held by institutions of higher education. The bill introduces provisions that permit the resale of tickets at prices exceeding their face value under specific circumstances. This is a significant change from the prior regulations, which prohibited any resale above the printed ticket price, except for certain conditions that allowed for additional contributions to the involved institutions.
Sentiment
The sentiment surrounding HB155 appears to be generally positive among proponents who see it as a way to enhance the ticket resale market for athletic events at universities. Supporters argue that enabling the resale of tickets for a higher price will encourage more people to engage with university athletics, ultimately contributing to the institutions financially. However, there might be concerns regarding fairness and access, as not everyone may afford higher ticket prices amid this policy change.
Contention
One notable point of contention could stem from the impact this bill has on accessibility to events, especially for lower-income individuals. Critics may argue that allowing above-face-value sales could price out some fans from attending college sporting events. Moreover, there are also concerns about the monopolizing effect that certain individuals or organizations may have on ticket availability, leading to possible exploitation in the secondary market.
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