The bill establishes immunity for sports and exposition venues from nuisance actions, defining such venues as locations for competitive sporting events involving motorized vehicles and large public exhibitions. It stipulates that only majority owners of real property adversely affected by an event can file a nuisance claim, and only if the venue has materially violated a law. Additionally, venues that have been operational for over a year are not considered nuisances due to changes in the surrounding area, provided they comply with all relevant laws and regulations.

Furthermore, the bill outlines that state or local agencies cannot initiate actions against venues that are in compliance with applicable laws. It allows for reasonable expansions of venue operations without being deemed a nuisance, while also protecting venues from becoming nuisances after a year of operation if they were not nuisances at the start. Exceptions to this immunity include cases of negligent operation or violations of laws that result in injuries or damages. The bill also ensures that the protected status of a venue is assignable and inheritable, and cannot be waived due to temporary cessation of operations.