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Who cares
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Sponsors
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History
- Committee discharged and committed to investigations and government operations
- Referred to cultural affairs, tourism, parks and recreation
- Referred to cultural affairs, tourism, parks and recreation
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 704 of the laws of 1991 amending the arts and cultural affairs law and chapter 912 of the laws of 1920 relating to the regulation of boxing and wrestling relating to tickets to places of entertainment, in relation to extending the provisions thereof
Purpose
The purpose of this legislation is to extend the existing ticket resale statute for an additional three years until June 1, 2012.
Summary of provisions
Section one of this bill would amend section 4 of chapter 704 of the laws of 1991, amending the arts and cultural affairs law and chapter 912 of the laws of 1920 relating to the regulation of boxing and wrestling relating tickets to places of entertainment, as amended by chapter 374 of the laws of 2007 by extending the sunset provision of Article 25 of the Arts and Cultural Affairs Law to June 1, 2012.
Justification
In 1999 the New York State Attorney General issued a report that stated that New York should clean up the way it regulates ticket sales. After decades of imposing caps on ticket resales which lead to an unregulated black market, State law was changed in 2007 to implement a free market system for the resale of tickets. This free market law and the repeal of the ticket scalping statute opened up the process which gives the public a better and fairer shot to buy good seats at concerts, sporting, and theater events at reasonable prices. The free market law is set expire June 1, 2009. This measure would extend New York's free market law for an additional three years until June 1, 2012.
Past caps on the secondary resale of tickets did not work and many falsely believed the price cap restriction protected consumers from exorbitant prices yet primary market tickets can be priced and sold at whatever price the market will bear. The cap restriction did not account for the economic principle of supply and demand driving prices. The past cap hurt consumers by increasing fraud and prices. Before New York's free market system, consumers were forced into back alleys to purchase tickets in a gray market that had a higher incidence of fraud.
Since the free market took place in New York State in 2007, there is no indication that the current system in place is not working as it was intended. This bill would extend the existing law for three years to allow for further analysis and to ensure that the current statute gives consumers the best value and opportunity to purchase tickets to their favorite venues.
Legislative history
New bill.
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.