Purchase of Property at Public Auctions Summary
A local government is authorized to purchase new or used equipment, materials, supplies, and commodities at publicly advertised auctions without public advertisement and competitive bidding.
This statute authorizes a municipality to establish written procedures governing purchases at publicly advertised auctions. It also establishes fixed reporting requirements for the purchasing official.
The T.C.A. citation for this topic is T.C.A. § 12-2-421.