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Latest Update: Tuesday, November, 04th 2008
Companion Bill SB3363.
Purchasing - Requires a municipality to first obtain an independent appraisal of the fair market value of real property to be acquired prior to purchasing or entering in a contract for the purchase, lease, or lease-purchase of the real property. - Amends TCA Title 6, Chapter 56, Part 3. Fiscal Summary for HB3306 / *SB3363 Increase Local Govt. Expenditures* - Exceeds $100,000
Bill Summary for HB3306 / *SB3363
ON APRIL 21, 2008, THE SENATE ADOPTED AMENDMENTS #1 AND #2 AND RESET SENATE BILL 3363, AS AMENDED.
AMENDMENT #1 specifies that this bill must not be construed to require a municipality to obtain an independent appraisal of the fair market value of real property that was a gift to the municipality.
AMENDMENT #2 removes "leases" from this bill, so that it will only apply to purchases and lease-purchases.
Latest Actions
- 04/23/2008 - Taken Off Notice For Calendar in: State & Local Government Committee
- 04/16/2008 - Placed on Calendar State & Local Government Committee for 04/22/2008
- 04/15/2008 - Action Deferred in State & Local Government Committee to 4/22/2008
- 04/09/2008 - Placed on Calendar State & Local Government Committee for 04/15/2008
- 04/08/2008 - Action Deferred in State & Local Government Committee to 4/15/2008
show all actions- 04/23/2008 - Taken Off Notice For Calendar in: State & Local Government Committee
- 04/16/2008 - Placed on Calendar State & Local Government Committee for 04/22/2008
- 04/15/2008 - Action Deferred in State & Local Government Committee to 4/22/2008
- 04/09/2008 - Placed on Calendar State & Local Government Committee for 04/15/2008
- 04/08/2008 - Action Deferred in State & Local Government Committee to 4/15/2008
- 04/02/2008 - Placed on Calendar State & Local Government Committee for 04/08/2008
- 04/01/2008 - Action Deferred in State & Local Government Committee to 4/8/2008
- 03/26/2008 - Placed on Calendar State & Local Government Committee for 04/01/2008
- 03/25/2008 - Action Deferred in State & Local Government Committee to 4/1/2008
- 03/19/2008 - Placed on Calendar State & Local Government Committee for 03/25/2008
- 03/19/2008 - Recommended For Passage by Subcommittee Referred to State & Local Government Committee
- 03/12/2008 - Placed on Subcommittee Calendar Local Government of S&LG for 03/19/2008
- 01/30/2008 - Assigned to Subcommittee Local Government of S&LG
- 01/24/2008 - Passed second consideration, Referred to State & Local Government
- 01/23/2008 - Introduced, Passed first consideration
- 01/17/2008 - Filed for Introduction
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Fiscal Notes
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