County Government - As introduced, authorizes a county to sell surplus, obsolete, or unusable real property in an arms-length transaction to a third party for a price not less than its fair market value as determined by at least two state-licensed appraisers without requiring public auction or sealed bids, upon approval by a majority vote of the county legislative body. - Amends TCA Title 5, Chapter 14, Part 1 and Section 5-21-130.

SB 2526 allows Tennessee counties to sell surplus, obsolete, or unusable real property to third parties without requiring public auctions or sealed bids. It mandates that sales occur at fair market value, determined by two state-licensed appraisers, and requires approval by a majority vote of the county legislative body. This bill amends Tennessee Code sections 5-14-108 and 5-21-130 to override previous requirements for competitive bidding on such property sales. The change directly affects county governments by providing a streamlined process for disposing of underutilized land or buildings.