Tennessee Code 12-2-411 – Disposition of proceeds
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Terms Used In Tennessee Code 12-2-411
- Commission: means the procurement commission. See Tennessee Code 12-2-402
- Commissioner: means the commissioner of general services. See Tennessee Code 12-2-402
- property: means every species of state property which is not either:
(A) Real property, the disposal of which is subject to this title, governing the disposal of state real property. See Tennessee Code 12-2-402
The proceeds from the disposal of property under this part shall be remitted to the department releasing such property. The commissioner shall charge the releasing department a reasonable fee to cover the cost of disposition of the property, except where the releasing department is authorized pursuant to § 12-2-410 to serve as the agent for disposal. The method of determining such fee shall be governed by regulations of the procurement commission.