Tennessee § 12-2-419 - Resale of surplus property — Disposition of proceeds.
Full text of Tennessee Tennessee Code Annotated § 12-2-419 — Resale of surplus property — Disposition of proceeds., with citation guidance and answers to common questions.
§ 12-2-419. Resale of surplus property — Disposition of proceeds.
Notwithstanding any provision of law, rule or regulation to the contrary, any profit realized from the resale of surplus property transferred to vocational programs operated under title 49, chapter 11, or state technical institutes operated by the state board of regents when such entity or corporation has repaired the item through its vocational program for the purpose of resale shall not revert to the state but may be retained by such entity or corporation. Notwithstanding any provision of the law to the contrary, such surplus property may be resold at any time after it has been repaired without prior approval of the procurement commission. The resale of such surplus property shall be made only after public advertisement of the sale in a newspaper of general circulation in the county or municipality in which the sale will take place at least twice in a two-week period preceding the sale. Acts 1991, ch. 364, § 1; 1994, ch. 709, § 1; 2011, ch. 295, §§ 9(a), 19.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 12-2-419
What does Tennessee Code Annotated § 12-2-419 cover?
Section 12-2-419 ("Resale of surplus property — Disposition of proceeds.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 12-2-419?
A common citation format is "Tennessee Code Annotated § 12-2-419" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 12-2-419 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.