Tennessee Statutes
§ 6-56-305 — Purchasing procedures when less than maximum threshold
Tennessee·Title 6
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 8, eff. 3/1/2024. Acts 1983, ch. 451, § 11; 1984, ch. 765, § 5; 2006, ch. 610, § 1.
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