5-14-205 - Expenditures under $10,000. - Tennessee Statutes

5-14-205. Expenditures under $10,000.

All purchases, leases or lease-purchase arrangements with expenditures of less than ten thousand dollars ($10,000) in any fiscal year may be made in the open market without newspaper notice, but shall, wherever possible, be based upon at least three (3) competitive bids.

[Acts 1983, ch. 451, § 5; 1995, ch. 179, § 5; 2007, ch. 135, § 4.]