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;

Terms Used In Tennessee Code 54-5-1402

(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.
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