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Tennessee Code Title 54. Highways, Bridges and Ferries § 54-5-1402

Current as of January 02, 2024 | Updated by Findlaw Staff

Notwithstanding any other law to the contrary, proposed payment shall be approved by the commissioner of finance and administration and the comptroller of the treasury:

(1) If the property is proposed for acquisition for right-of-way under the authority of this chapter;

(2) If:

(A) The appraised value of a parcel of land along the right-of-way exceeds one hundred thousand dollars ($100,000); or

(B) The appraised value of all parcels of land owned by any one (1) person, family or entity along the right-of-way exceeds one hundred thousand dollars ($100,000); and

(3) If the department proposes to pay more than ten percent (10%) above the current appraised value.

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Cite this article: FindLaw.com - Tennessee Code Title 54. Highways, Bridges and Ferries § 54-5-1402 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-54-highways-bridges-and-ferries/tn-code-sect-54-5-1402/

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