Section 67-5-2508 - Sale of property - Political subdivision as purchaser(a) The priorities of a taxing entity purchasing a parcel at a tax sale pursuant to § 67-5-2501 must be to either return the parcel to the tax rolls or put the parcel to a use benefitting the public within a reasonably prompt period after purchasing the parcel.(b) If no qualified newspaper is published in the county, then any notice required by this chapter may be posted on a website maintained by the taxing entity or the clerk of the court where the tax proceeding is pending. If no website is maintained by the taxing entity or clerk, the notice must be posted at the courthouse or other public building where such notices are frequently posted. The court in which the tax proceeding was filed may establish additional advertising requirements.(c) If the bid of a purchaser from the taxing entity of a parcel purchased by the taxing entity at a tax sale which parcel is subject to a redemption period is greater than the proceeds of a subsequently approved redemption, the purchaser must bear the loss.Amended by 2024 Tenn. Acts, ch. 967,s 12, eff. 5/21/2024.Amended by 2013 Tenn. Acts, ch. 353, Secs.s 25, s 26 eff. 5/13/2013.Acts 1933, ch. 125, §§ 1, 2; 1941, ch. 34, § 1; mod. C. Supp. 1950, §§ 1592.1, 1592.2; T.C.A. (orig. ed.), §§ 67-2036, 67-2037; Acts 2009 , ch. 478, §§ 1, 2; 2010 , ch. 1014, § 1.