Tennessee § 54-5-1402 Right-of-way acquisitions requiring special approval

Tennessee Statutes

§ 54-5-1402 — Right-of-way acquisitions requiring special approval

Notwithstanding any other law to the contrary, proposed payment shall be approved by the commissioner of finance and administration and the comptroller of the treasury:

(1)If the property is proposed for acquisition for right-of-way under the authority of this chapter;

(2)If:

(A)The appraised value of a parcel of land along the right-of-way exceeds one hundred thousand dollars ($100,000); or (B) The appraised value of all parcels of land owned by any one (1) person, family or entity along the right-of-way exceeds one hundred thousand dollars ($100,000); and (3) If the department proposes to pay more than ten percent (10%) above the current appraised value.

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Notwithstanding any other law to the contrary, proposed payment shall be approved by the commissioner of finance and administration and the comptroller of the treasury: (1) If the property is proposed for acquisition for right-of-way under the authority of this chapter; (2) If: (A) The appraised value of a parcel of land along the right-of-way exceeds one hundred thousand dollars ($100,000); or (B) The appraised value of all parcels of land owned by any one (1) person, family or entity along the right-of-way exceeds one hundred thousand dollars ($100,000); and (3) If the department proposes to pay more than ten percent (10%) above the current appraised value.

Tennessee § 54-5-1402 (Right-of-way acquisitions requiring special approval) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.