Prisons and Reformatory Institutions - As introduced, prohibits this state or a local government from entering into a new contract or renewing an existing contract for the provision of correctional services for an inmate under the custody and care of the department of correction or the local government. - Amends TCA Title 41, Chapter 24.

SB 1994 prohibits Tennessee state agencies and local governments (counties, cities, or metropolitan governments) from entering new contracts or renewing existing contracts for private prison services. It directly affects private companies currently providing correctional services for inmates under the Tennessee Department of Correction or local government custody. The bill amends Tennessee law to ban all new or renewed contracts for these specific correctional services after the bill's effective date. This is a direct policy change banning future private prison contracts within the state's correctional system.