| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | HOUSE BILL 1151 | |
| 3 | 3 | By Miller | |
| 4 | 4 | ||
| 5 | 5 | SENATE BILL 1120 | |
| 6 | 6 | By Lamar | |
| 7 | 7 | ||
| 8 | 8 | ||
| 9 | 9 | SB1120 | |
| 10 | 10 | 003222 | |
| 11 | 11 | - 1 - | |
| 12 | 12 | ||
| 13 | 13 | AN ACT to amend Tennessee Code Annotated, Title 7; | |
| 14 | 14 | Title 9; Title 16; Title 47 and Title 67, relative to | |
| 15 | 15 | personal seat licenses. | |
| 16 | 16 | ||
| 17 | 17 | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: | |
| 18 | 18 | SECTION 1. Tennessee Code Annotated, Title 47, Chapter 50, Part 1, is amended by | |
| 19 | 19 | adding the following as a new section: | |
| 20 | 20 | (a) All contracts entered into between an existing personal seat license (PSL) | |
| 21 | 21 | holder of ten (10) or more years and a professional sports franchise for the purchase of | |
| 22 | 22 | a subsequent PSL with an upgraded or improved seating classification must include a | |
| 23 | 23 | provision that enables the PSL holder to purchase the subsequent PSL for the same | |
| 24 | 24 | price as the previous PSL. | |
| 25 | 25 | (b) Subsection (a) applies to: | |
| 26 | 26 | (1) Contracts for PSL's in stadiums with a seating capacity of at least | |
| 27 | 27 | sixty-five thousand (65,000) located in any county having a metropolitan form of | |
| 28 | 28 | government with a population of more than five hundred thousand (500,000), | |
| 29 | 29 | according to the 2020 federal census or any subsequent federal census; and | |
| 30 | 30 | (2) All contracts for subsequent PSL purchases entered into on or after | |
| 31 | 31 | the effective date of this act. | |
| 32 | 32 | SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it. |