Tennessee Statutes
§ 12-2-206 — Rejection of bids - Readvertisement
Tennessee·Title 12
Any and all bids received by the chief procurement officer for any of the property to be sold hereunder may be rejected by the chief procurement officer, and the property may be readvertised for sale when, in the opinion of the chief procurement officer, no bid had been received commensurate with the fair market value of the property offered for sale.
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Legislative History
Acts 1959, ch. 303, § 2; impl. am. Acts 1961, ch. 97, § 5; T.C.A., § 12-224; Acts 2011, ch. 295, § 9(e).
Nearby Sections
15
§ 12-1-101
Acceptance of gifts§ 12-1-103
Commission to purchase federal property§ 12-1-104
Federal improvements on state land§ 12-1-105
Payment for federal property§ 12-1-106
Land acquired by commissioner - Payment§ 12-1-107
Application for purchase of land§ 12-1-108
Condemnation request§ 12-1-110
Joint purchase of art§ 12-1-201
Purpose of part§ 12-1-202
Part definitions§ 12-1-204
Effect of taking on property valuation