Tennessee Statutes

§ 54-7-113 — Receipt and disbursement of funds - Public advertisement and competitive bidding - Chart of accounts

Tennessee·Title 54
(a)All funds received by any person for the county for road or highway purposes shall be promptly deposited with the county trustee and shall be expended only upon a disbursement warrant drawn on the trustee in accordance with law.
(b)Expenditures of funds for the operation of the county road department shall be made within the limits of the approved budget and the appropriations made for the department, in accordance with law.
(c)(1) Except as provided in subdivision (c)(3), all purchases by or for a county road department or by a chief administrative officer shall be by public advertisement and competitive bid, except as follows:
(A)Purchases costing less than twenty-five thousand dollars ($25,000); provided, that this exemption shall not apply to purchases of like items that individ

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Legislative History

Amended by 2022 Tenn. Acts, ch. 1036, s 1, eff. 5/11/2022. Acts 1974, ch. 738, § 12; T.C.A., § 54-1013; Acts 1980, ch. 473, § 2; 1980, ch. 726, § 1; 1983, ch. 295, § 1; 1995, ch. 179, §§ 6-8; 2005, ch. 114, § 1; 2012 , ch. 689, § 7.

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