BOARD OF TRUSTEES OF INTERNAL IMPROVEMENT TRUST FUND
RULE NO.: RULE TITLE:
18-1.002: DefinitionsNOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 38 No. 99, December 28, 2012 issue of the Florida Administrative Register.
18-1.002 Definitions.
When used in this chapter, the following shall have the indicated meaning unless the context clearly indicates otherwise:
(1) No change.
(2) “Appraisal foundation” means the non-profit, educational corporation established in Washington, D. C. by the American appraisal industry to foster professionalism by promoting the Uniform Standards of Professional Appraisal Practice uniform appraisal standards.
(3) No change.
(4) “Appraisal service(s)” means valuation work in the form of an appraisal, appraisal review or appraisal consulting assignment as outlined in the USPAP performed by a state certified appraiser, in accordance with the Supplemental Standards.
(5) No change.
(6) “Approved appraisal” means an appraisal service that has been approved by the Chief Appraiser, Bureau of Appraisal, Division of State Lands, or designee that is in compliance with USPAP, the Supplemental Standards, this chapter, and the specific assignment requirements.
(7) through (26) No change.
(27) “Supplemental standards” means the Supplemental Appraisal Standards for the Board of Trustees, adopted [effective date] December 2012, hereby adopted by reference, which contains appraisal requirements that establish public policy and add to the standard appraisal procedures and practices of the appraisal profession for the development and reporting of all appraisal services, including those outlined in Chapters 253 and 259, F.S., adopted by the Board of Trustees of the Internal Improvement Trust Fund, available on the internet at: http://www.flrules.org/Gateway/reference.asp?No=Ref-02187 http://www.dep.state.fl.us/lands/appraisal/ or by sending a request to: Department of Environmental Protection, Bureau of Appraisal, 3900 Commonwealth Boulevard, M.S. 110, Tallahassee, Florida 32399-3000 or by phone at (850) 245-2658 or by fax at (850) 245-2668.
(28) No change.
(29) “USPAP” means the Uniform Standards of Professional Appraisal Practice, effective January 1, 2012, which contains the generally accepted standards of the appraisal profession that deal with the procedures to be followed in developing an appraisal, analysis, or opinion and the manner in which such appraisal, analysis, or opinion is communicated, as promulgated by the Appraisal Foundation, available on the internet at: http://www.appraisalfoundation.org or by directing your request to: The Appraisal Foundation, 1155 15th Street, N. W., Suite 1111, Washington, DC 20005.
Rulemaking Specific Authority 253.03, 253.025, 259.041 FS. Law Implemented 253.025, 259.041 FS. History–New 6-16-86, Amended 4-6-89, 1-29-90, 10-30-91, 4-14-08, 6-15-10, .
