Tennessee Statutes

§ 5-14-205 — Procedure for limited expenditures

Tennessee·Title 5
All purchases, leases, or lease-purchase agreements with expenditures of less than the maximum applicable threshold established pursuant to § 12-3-1212 in a fiscal year may be made in the open market without newspaper notice, but must, wherever possible, be based upon at least three (3) competitive bids.

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Legislative History

Amended by 2024 Tenn. Acts, ch. 513,s 4, eff. 3/1/2024. Acts 1983, ch. 451, § 5; 1995, ch. 179, § 5; 2007 , ch. 135, § 4.

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