Tennessee § 49-6-2007 Sale or transfer of surplus property

Tennessee Statutes

§ 49-6-2007 — Sale or transfer of surplus property

Tennessee § 49-6-2007

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This text of Tennessee § 49-6-2007 (Sale or transfer of surplus property) 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. § 49-6-2007 (2026).

Text

(a)It is the general assembly's intent that surplus property in a local education agency (LEA) acquired by taxpayers' dollars, instead of being destroyed, be sold or transferred to a local government, as provided in § 49-6-2006 .

(b)All LEAs that receive any state funds shall sell surplus property to the highest bidder after advertising in a newspaper of general circulation at least seven (7) days prior to the sale. The sale may be to the highest bidder through an internet auction website used by the LEA, the local government, or this state. An internet auction conducted under this subsection (b) must be open for bidding for at least seven (7) days. Advertisements for the sale must be in accordance with § 49-6-2006(c)(2) .

(c)As used in this section, "surplus property" is that personal

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(a) It is the general assembly's intent that surplus property in a local education agency (LEA) acquired by taxpayers' dollars, instead of being destroyed, be sold or transferred to a local government, as provided in § 49-6-2006 . (b) All LEAs that receive any state funds shall sell surplus property to the highest bidder after advertising in a newspaper of general circulation at least seven (7) days prior to the sale. The sale may be to the highest bidder through an internet auction website used by the LEA, the local government, or this state. An internet auction conducted under this subsection (b) must be open for bidding for at least seven (7) days. Advertisements for the sale must be in accordance with § 49-6-2006(c)(2) . (c) As used in this section, "surplus property" is that personal property no longer having an intended use by the LEA or no longer capable of being used because of its condition. (d) (1) Surplus personal property of LEAs that has no value or that has a value of less than five hundred dollars ($500) may be disposed of without the necessity of bids as required by this section. (2) In order for disposal without bids, the executive committee of the local board of education must agree in writing that the property is of no value to the LEA or has a value of less than five hundred dollars ($500). (e) This section does not apply to property leased or sold pursuant to § 49-2-203(b)(10) . (f) Notwithstanding any law to the contrary, an LEA may: (1) Donate computers that have been removed from inventory in its schools to low-income families in the school district. The memory hard drives of all computers to be donated under this subdivision (f)(1) must be sanitized; or (2) Dispose of computers by selling or trading them to computer vendors or manufacturers as part of the proposal to purchase new computers for the LEA without having to comply with the bidding requirements of subsection (b).

Legislative History

Amended by 2022 Tenn. Acts, ch. 686, s 15, eff. 3/28/2022. Amended by 2019 Tenn. Acts, ch. 413, s 1, eff. 5/21/2019. Acts 1973, ch. 215, §§ 1, 2; 1975, ch. 237, § 1; T.C.A., § 49-817; Acts 1986, ch. 521, §§ 3-5; 2000, ch. 703, § 2; 2004, ch. 504, § 3; 2006, ch. 751, § 3; 2010 , ch. 935, § 1.