|SB 0913||Regulates resale of tickets to certain sporting events and concerts|
|LR Number:||4188S.02I||Fiscal Note:||4188-02|
|Committee:||Commerce and Environment|
|Last Action:||02/15/00 - Hearing Conducted S Commerce & Environment Committee||Journal page:|
|Effective Date:||August 28, 2000|
SB 913 - This act establishes special licensing of ticket brokers for the resale of tickets to a sporting or entertainment event at a price over and above the price printed on the ticket.
The provision in current law prohibiting this practice still stands with the exception of sales made by a ticket broker with the special license.
The ticket broker must do business in an established location and observe any state and local business regulations. A list of all employees of the ticket broker must be available from the ticket broker. The ticket broker cannot employ anyone convicted of a violation of this section of the law within the past 12 months. The ticket broker must also set forth a system of responding to consumer complaints including a bond of at least $100,000 for refunds.
Ticket brokers engaged in the resale of tickets must
register and obtain a license from the Secretary of State for a
fee of $100 annually. The ticket broker must demonstrate
compliance with all requirements of this act as well as any local
restrictions prior to obtaining a license. This act supercedes
any city or county ordinance or order.