Tennessee Code 12-3-311 – Certain noncompetitive purchases and contracts entered into by the department of transportation are subject to the approval of the comptroller of the treasury – Review by the fiscal review committee
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Terms Used In Tennessee Code 12-3-311
- Committee: means the state protest committee as established in §. See Tennessee Code 12-3-201
- Services: means all services and agreements obligating the state, except services for highway and road improvements governed by title 54 and design and construction services governed by title 4, chapter 15. See Tennessee Code 12-3-201
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
All noncompetitive purchases and contracts entered into by the department of transportation for nonconstruction and nonengineering projects or services with a term of more than one (1) year or which are renewable by either party that would extend the contract beyond twelve (12) months and which have a cumulative value of not less than two hundred fifty thousand dollars ($250,000), including all possible renewals, shall be subject to the approval of the comptroller of the treasury. A list of all such purchases and contracts shall be filed with and subject to review by the fiscal review committee.