Advertising - As introduced, requires just compensation to be paid for the acquisition or removal of an outdoor advertising device lawfully erected; prohibits the use of amortization to provide such just compensation. - Amends TCA Title 29, Chapter 16 and Section 54-21-107.

SB 735 requires state agencies to pay fair market value for the removal or acquisition of lawfully erected outdoor advertising devices (like billboards), rather than allowing payments to be spread out over time (amortization). It directly affects owners of these advertising structures and the state commissioner responsible for managing highway-related property. The bill mandates full compensation for removal costs and device value when relocation isn't offered, and explicitly prohibits using amortization as a payment method. This change applies to situations where devices must be removed under existing laws, such as those related to highway safety or federal regulations.