Tennessee Statutes

§ 12-10-124 — Common accounts - Certain purchases for which competitive bidding not required - Contracting by public invitation for proposals

Tennessee § 12-10-124

This text of Tennessee § 12-10-124 (Common accounts - Certain purchases for which competitive bidding not required - Contracting by public invitation for proposals) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 12-10-124 (2026).

Text

(a)An authority which operates or maintains more than one (1) project may maintain a common account or accounts and buy supplies and services in common; provided, that expenditures periodically shall be allocated to each project on an appropriate basis.
(b)An authority in the operation, maintenance, and routine repairs of a project may purchase goods, supplies and services which are generally sold to the public by advertised price without the necessity of competitive bidding; provided, that no purchase shall exceed five thousand dollars ($5,000) or any larger limit as shall be allowed for such purchases under the regulations of a municipal corporation with which the authority has contracted.
(c)(1) No authority shall contract for the construction of buildings or improvements, the expend

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Legislative History

Acts 1995, ch. 74, § 5; 2001, ch. 407, § 1.

Nearby Sections

15
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Bluebook (online)
Tennessee § 12-10-124, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/12-10-124.