Municipal Government - As enacted, authorizes a city incorporated under a city manager-commission charter to contract with a private entity for the development, construction, management, or operation of an indoor or outdoor sports facility under terms acceptable to the city if certain conditions are met. - Amends TCA Title 6.

SB 495 allows cities in Tennessee with a city manager-commission charter to contract with private companies for the development, construction, management, or operation of indoor or outdoor sports facilities. The bill updates city charter powers to permit agreements on terms like revenue sharing, lease or sale of facility space, management fees, or other conditions the city deems beneficial. It directly affects cities operating under this specific charter structure, expanding their ability to partner with private entities for sports infrastructure. The law becomes effective upon enactment, enabling cities to pursue such partnerships without additional legislative approval for the terms.