House Bill 131, also known as Senate Bill 193, amends various sections of the Tennessee Code Annotated to clarify the legal standing of contracts related to sports gaming. Specifically, it modifies Section 29-19-101 by designating the existing language as subsection (a) and adding a new subsection (b). This new subsection states that the provisions of subsection (a) do not apply to contracts that are based on wagering considerations under the Tennessee Sports Gaming Act, which is outlined in Title 4, Chapter 49, Part 1.

The bill is set to take effect immediately upon becoming law, emphasizing the importance of the public welfare in its implementation. This legislative change aims to provide clarity and legal protection for contracts associated with sports gaming in Tennessee, ensuring that they are not subject to the same restrictions as other types of contracts.

Statutes affected:
Introduced: 29-19-101