Tennessee Senate Bill SB2508

Tennessee 2023-2024 Regular Session

• Introduced: 1/31/24
• Engrossed: 4/11/24
• Enrolled: 4/17/24
• Passed: 5/1/24
• Chaptered: 5/13/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 3; Title 4; Title 5; Title 6; Title 7; Title 9; Title 12; Title 13; Title 57; Title 62; Title 66; Title 67 and Title 68, relative to performance venues.

Impact

With the establishment of this fund, SB 2508 amends multiple sections of the Tennessee Code Annotated to provide a framework for funding live music initiatives. This fund will be composed of grants and donations from non-state sources, along with possible appropriations from the General Assembly. The money collected in this fund is intended to finance activities related to live music performances and the operational costs of related venues, which is expected to strengthen the local arts and entertainment infrastructure.

Summary

Senate Bill 2508 aims to establish a 'live music and performance venue fund' designed to support performers and venues across Tennessee. The bill outlines specific criteria for what constitutes a live performance venue and defines key terms such as 'performer' and 'promoter'. By officially recognizing and supporting these venues, the bill seeks to bolster the local music and performance scene, which has significant cultural and economic value for communities across the state.

Sentiment

The general sentiment surrounding SB 2508 appears to be favorable, with many stakeholders recognizing the importance of supporting cultural initiatives that enrich community life and sustain local economies. Promoters, venue operators, and artists have expressed support for the bill, as it provides a potential lifeline in an industry that often faces financial instability. However, there could be some concerns regarding the allocation and management of the fund, ensuring transparency and fairness in how grants are distributed.

Contention

Debate over the bill primarily focuses on how funds will be managed and distributed, as well as the criteria for venues to qualify. Concerns have been raised about ensuring that smaller, local venues receive equitable support compared to larger establishments. The bill's implementation, particularly in managing the newly created fund, will need to address these potential disparities to satisfy all stakeholders involved in Tennessee's vibrant performance arts community.