12443371, 18-1.002 - Florida Administrative Rules, Law, Code, Register

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Notice: 12443371

Notice of Proposed Rule

Department:

BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND

Chapter:

STATE LAND ACQUISITION PROCEDURES (Formerly 16Q-3)

Overview

RULE:

18-1.002	Definitions
18-1.006	Appraisal Procedures, Report Requirements and Determining Maximum Amounts
18-1.007	Appraiser Eligibility and Selection

PURPOSE:

PURPOSE AND EFFECT: The purpose of this amendment is to change subsections 18-1.002(4),(6), (7), and (27), to: remove reference to the Uniform Standards of Professional Appraisal Practice “USPAP” and replace such reference with the Supplemental Appraisal Standards for the Board of Trustees (“ Supplemental Standards”) ; qualify the definition of “Appraisal Service(s)” as one performed by a “State Certified Appraiser”; add the Appraisal Institute as an “Approved appraisal organization”; and amend the effective date of  the “Supplemental Standards.”  Subsection 18-1.006 (1) will also be revised to remove reference to USPAP.  Finally, subsection18-1.007 F.A.C. (1)(b) 4., 5., (5), (5)(a), and (6) will remove reference to USPAP and add reference to the Supplemental Standards.

SUMMARY:

The rule amendments will do the following: remove reference to “USPAP” throughout the rule and replace that reference with the Supplemental Standards,  as compliance with USPAP standards is required by the more comprehensive Supplemental Standards for state lands acquisition;  add  the qualification that “Appraisal Service(s)” be done by a “State Certified Appraiser”; include the Appraisal Institute as an “Approved appraisal organization” ; and amend the effective date of  the Supplemental Standards.

RULEMAKING AUTHORITY:

253.03, 253.025, 259.041, F.S.

LAW:

253.025, 259.041, 373.139, F.S.

PRINT PUBLISH DATE:

12/28/2012 Vol. 38/99

COMMENTS:

From 12/28/2012 To 1/18/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-02187 Supplemental Appraisal Standards for the Board of Trustees

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