49-9-1305 - Transfer of assets. - Tennessee Statutes

49-9-1305. Transfer of assets.

At least sixty (60) days prior to any transfer of assets under this part, the board of trustees shall notify the attorney general and reporter, the state building commission and the majority and minority leaders of both houses of the general assembly. In deciding whether to approve a transfer of assets under this part, the attorney general and reporter and the state building commission shall consider whether the transfer of assets will comply with § 49-9-1303, whether any illegal or improper conflicts of interest exist and whether the transaction is otherwise consistent with laws governing the transfer of state-owned assets.

[Acts 1997, ch. 418, § 1.]