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Section 54-5-1402 - Right-of-way acquisitions requiring special approval — Tennessee Law | CourtGPT
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  7. Section 54-5-1402 - Right-of-way acquisitions requiring special approval
Tennessee Legal Code

Section 54-5-1402 - Right-of-way acquisitions requiring special approval

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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.Acts 1999, ch. 288, § 3.