16908087, 18-1.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16908087

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
18-1.004	Title
18-1.005	Appraisal Map and Survey
18-1.006	Appraisal Procedures, Report Requirements and Determining Maximum Amounts
18-1.007	Appraiser Eligibility and Selection
18-1.013	Donations

PURPOSE:

To remove or revise definitions and terminology to reflect accurate terms; to update and incorporate the supplemental standards; to provide for waivers of certain survey standards if warranted by certain conditions; and to allow for limited waiver of evidence of marketable title in accordance with statutes.

SUMMARY:

Remove and revise definitions and terminology for redundancy, accuracy, and clarity; remove all references to the Uniform Standards of Professional Appraisal Practice (USPAP) since appraisals must be completed by State Certified Appraisers who must follow USPAP procedures and practices; update and incorporate the Supplemental Appraisal Standards for Board of Trustees; tie evidence of marketable title to statutory provisions setting forth those requirements; allow the Department to waive any portion of Supplemental Standards on land valued at $100,000 or less if best professional judgment demonstrates it would not be detrimental to credible assignment result; add the requirement for an appraiser’s eligibility and selection to submit one appraisal report demonstrating such competence and expertise for one of the specialty property types, and also to demonstrate general appraisal competence by submission of an appraisal report that includes sales comparison, cost, and income approaches; allow approved appraisers to request reaffirmation to remain on the approved appraisers list every two years rather than every year; remove reward of additional points for professional appraisal designation by approved appraisal organization; remove requirement for Standard 3 review from Rule, as this is an internal procedural matter not suited for rule; allow for limited waiver of evidence of marketable title in accordance with statutes.

RULEMAKING AUTHORITY:

253.03, 253.025, 259.041

LAW:

253.025, 259.041, 373.139

PRINT PUBLISH DATE:

12/17/2015 Vol. 41/243

COMMENTS:

From 12/17/2015 To 1/7/2016 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-06292 Supplemental Appraisal Standards for the Board of Trustees

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