Tenn. Comp. R. & Regs. 1360-03-03-.08 - SALE OF TICKETS, SHARES, CHANCES OR OTHER SIMILAR RECORDS

(1) Tickets, shares, chances or other similar records may be sold at a single price or at different value levels or tiers. All tickets, shares, chances or other similar records must contain the name of the organization on whose behalf the event is being conducted.

(2) If tickets, shares, chances or other similar records are sold at different value levels or tiers, the organization must keep a record of each sale, which must include the name, the amount paid, the mailing address, and the contact information of the purchaser for the purpose of issuing refunds if a cancellation of the annual event occurs.

(3) If a different value level or tiered pricing annual event is cancelled, any refund shall be for either the actual amount received by the organization from any individual, or if there is no record of each sale, the refund shall be equal to the highest value level or tiered price charged on a per ticket, share, chance or other similar record basis.

Notes

Tenn. Comp. R. & Regs. 1360-03-03-.08

Original rule filed October 7, 2005; effective February 28, 2006. Amendment filed January 14, 2009; effective May 29, 2009. Emergency rule filed August 8, 2014; effective through February 4, 2015. Emergency rule filed August 8, 2014 expired effective February 4, 2015. On February 5, 2015, the rule reverted to its previous status. Repeal and new rule filed June 9, 2015; effective 9/7/2015.

Authority: T.C.A. §§ 3-17-103(d)(3), 3-17-106(f)(1)(B), 3-17-110(a) and 3-17-115(a).