SB2672

Tennessee SB2672 amends bidding preferences for local government contracts to prioritize local businesses.

Tennessee SB2672 amends Tennessee Code to prioritize local businesses in government contract bidding. Local governments must offer a 30-day bidding period for local businesses on contracts over $25,000, and $50,000 for those without centralized purchasing. If multiple local businesses bid, the lowest bidder wins unless disqualified. Local governments must report contract awards, dollars retained, and job impacts annually. Federal funding contracts must follow federal rules but include local participation. Out-of-county bidders remain eligible and are evaluated equally.