States / Tennessee / SB 2526

SB 2526 In Committee

County Government - As introduced, authorizes a county to sell surplus, obsolete, or unusable real property in an arms-length transaction to a third party for a price not less than its fair market value as determined by at least two state-licensed appraisers without requiring public auction or sealed bids, upon approval by a majority vote of the county legislative body. - Amends TCA Title 5, Chapter 14, Part 1 and Section 5-21-130.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted
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<BillNo> <Sponsor>

SENATE BILL 2526

By Hatcher

AN ACT to amend Tennessee Code Annotated, Title 5,

Chapter 14, Part 1 and Section 5-21-130, relative

to the sale of surplus real property by counties.

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