Amends TCA Title 5, Chapter 14, Part 1 and Section 5-21-130.
Tennessee SB2526 authorizes counties to sell surplus, obsolete, or unusable real property directly to third parties without the need for public auction or sealed bids, provided the sale price is not less than the fair market value determined by at least two state-licensed appraisers. This bill affects county governments and their ability to manage real property assets. Key provisions include the requirement for a majority vote from the county legislative body to approve such transactions.
Tennessee SB2526 authorizes counties to sell surplus, obsolete, or unusable real property directly to third parties without the need for public auction or sealed bids, provided the sale price is not less than the fair market value determined by at least two state-licensed appraisers. This bill affects county governments and their ability to manage real property assets. Key provisions include the requirement for a majority vote from the county legislative body to approve such transactions.
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Hatcher, Tom
114th General Assembly
February 2, 2026
February 5, 2026
Passed on Second Consideration, refer to Senate State and Local Government Committee