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.