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TN HB0742
Bill
Status
2/3/2025
Primary Sponsor
Sam McKenzie
Click for details
AI Summary
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Governing bodies must change competitive sealed bid thresholds through resolution in accordance with § 12-3-1212
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Purchases, leases, or lease-purchase agreements below the maximum competitive sealed bid threshold may be made on the open market without newspaper advertisement
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At least three written quotations are required for purchases costing less than the bid threshold but more than 40% of that threshold
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Governing bodies may establish a lower threshold than the 40% level by resolution (for counties) or ordinance (for municipalities)
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Takes effect immediately upon becoming law
Legislative Description
AN ACT to amend Tennessee Code Annotated, Section 5-14-204; Section 5-14-205 and Section 6-56-305, relative to competitive sealed bids.
Purchasing and Procurement
Last Action
Taken off notice for cal in s/c Cities & Counties Subcommittee of State & Local Government Committee
3/19/2025