States / Tennessee / 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.