Purchasing and Procurement - As introduced, requires local governments to obtain, when possible, three written quotations for purchases costing less than the threshold established pursuant to law but more than 40 percent of such threshold, or some lower amount as may be established by the governing body of the local government. - Amends TCA Section 5-14-204; Section 5-14-205 and Section 6-56-305.

SB 369 requires Tennessee local governments (like cities and counties) to obtain at least three written quotes for most purchases costing between 40% and 100% of the current purchasing threshold, instead of allowing all purchases below the threshold to be made without quotes. This applies to items like equipment, supplies, or services where the cost is more than 40% of the threshold but less than the full threshold amount established by law. Local governments can set a lower minimum (above 40%) for this quote requirement through their own resolution or ordinance. The bill amends Tennessee procurement laws to implement this change, aiming to increase transparency for smaller purchases while allowing local flexibility.