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
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Current Bill Summary

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.