SB 1120: Contracts - As introduced, requires that contracts entered into between a personal seat license (PSL) holder of 10 or more years and a professional sports franchise for the purchase of a subsequent PSL with an upgraded or improved seating classification include a provision that enables the PSL holder to purchase the subsequent PSL for the same price as the previous PSL; applies to all contracts for subsequent PSL purchases entered into for seating at stadiums in certain counties on or after the effective date of the act. - Amends TCA Title 7; Title 9; Title 16; Title 47 and Title 67.

Plain-language summary

SB 1120 is a bill introduced in the Tennessee Senate on February 6, 2025. According to its official title, it concerns: Contracts - As introduced, requires that contracts entered into between a personal seat license (PSL) holder of 10 or more years and a professional sports franchise for the purchase of a subsequent PSL with an upgraded or improved seating classification include a provision that enables the PSL holder to purchase the subsequent PSL for the same price as the previous PSL; applies to all contracts for subsequent PSL purchases entered into for seating at stadiums in certain counties on or after the effective date of the act. - Amends TCA Title 7; Title 9; Title 16; Title 47 and Title 67. Primary sponsor: London Lamar (Democratic). Most recent recorded action (March 18, 2025): Assigned to General Subcommittee of Senate Commerce and Labor Committee.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written