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Home > Tennessee > SB3363
Chief Sponsor:

Mae Beavers

Tagged in: Municipal Government, Purchasing

Latest Update: Tuesday, November, 04th 2008

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Companion Bill HB3306.

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 *SB3363 / HB3306

Increase Local Govt. Expenditures* - Exceeds $100,000


Bill Summary for *SB3363 / HB3306

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.
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Latest Actions
  • 04/29/2008 - Re-Referred to Senate Calendar Comm.
  • 04/25/2008 - Placed on Senate Regular Calendar (1) Calendar for 04/29/2008
  • 04/24/2008 - Senate Reset on Calendar for 4/29/2008
  • 04/22/2008 - Placed on Senate Regular Calendar (1) Calendar for 04/24/2008
  • 04/21/2008 - Senate Reset on Calendar for 4/24/2008

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Bill Text
File name Last Updated
Amendment 4-0 to SB336304/29/2008
Amendment 5-0 to SB336304/29/2008
Amendment 3-0 to SB336304/24/2008
Amendment 2-0 to SB336304/10/2008
Amendment 1-0 to SB336304/10/2008
SB3363 Bill Text PDF01/21/2008

Fiscal Notes
File name Last Updated
SB3363 Fiscal Notes PDF01/25/2008