Contracts

Tenn. Code Ann. § 64-2-110, under North East Tennessee Railroad Authority.

Tenn. Code Ann. § 64-2-110

All contracts of the authority must be entered into and executed in such manner as may be prescribed by statutes, regulations, and procedures governing contracting by county governments; provided, that a contract or acquisition by purchase of equipment, apparatus, materials, or supplies involving more than the applicable maximum threshold over which public advertising and sealed competitive bids or proposals are required for nonemergency, nonproprietary purchases as established pursuant to § 12-3-1212, or for construction, installation, repair, or improvement of the property or facilities involving more than such applicable maximum threshold must not be made until after the contract has been advertised for bids. Purchases of like items must be aggregated for the purposes of the bid threshold. Advertisement is not required when an emergency arises and requires immediate delivery of the supplies or performance of the service.