Bill > SB0323

This bill amends Tennessee law to explicitly authorize the Tennessee Fish and Wildlife Commission to name real property, infrastructure, improvements to infrastructure, or features under the agency's jurisdiction. Specifically, the legislation allows the commission to enter into naming agreements, with a key provision that if such an agreement involves compensation, the term of the agreement cannot exceed ten years. This means the commission can potentially generate revenue by selling naming rights to its properties or facilities, but with a built-in time limit to prevent extremely long-term commitments. The bill will take effect on July 1, 2025, and appears to be designed to provide the Fish and Wildlife Commission with more flexibility in managing and potentially monetizing its assets. By codifying this naming authority in state law, the legislation gives the commission a clear legal framework for entering into naming agreements while placing reasonable restrictions on the duration of such arrangements.

Agriculture and Natural Resources

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0323&ga=114