Revisions to the rule will do the following: clarify appraisal-related terms by adding definitions; clarify the term "appraisal" to include appraisal services, including appraisal reviews; add appraiser selection procedures; incorporate by reference the "Supplemental Appraisal Standards for Board of Trustees Land" for leases, easements, and disposal of uplands; eliminate the use of acreage in determination of whether a parcel should be competitively bid or not, and consider dollar value only; eliminate the requirement that the value of private land for exchange purposes shall be no more than 100% of the average if two appraisals are used, in order to be consistent with acquisition rules; delete provisions that require submittal of appraisals with bids; provide financial security against loss of revenue resulting from an oil and gas lessee's failure to comply with the terms and conditions of a lease; clarify reporting requirements and provide procedures for late payments and reports for oil and gas leases; remove the necessity for a full legal description and listing of land use restrictions when noticing surplus land sales. To differentiate this rulemaking from another concurrent rulemaking in this chapter, this rulemaking will be called "Appraisal Rules."