Historical Sites and Preservation - As enacted, authorizes local historical boards to lease land owned or managed by such boards for agricultural purposes, with all proceeds received by the boards to be used for the preservation of historic sites and structures. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 11; Title 12; Title 29 and Title 43.

SB 1490 allows local historical boards in Tennessee to lease their land (5+ contiguous acres for crops, less than 5 for hay or similar crops) to farmers. All money earned from these leases must be used solely to preserve historic sites and structures under the board's management. Boards must submit annual reports detailing these leases and how the funds were spent to the Tennessee Historical Commission. This bill directly affects local historical commissions and preservation groups by creating a new revenue stream for maintaining historic properties.