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Ref-02187 Supplemental Appraisal Standards for the Board of Trustees

supplemental bot standards.pdf

12/19/2012

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Agency:: Board of Trustees of The Internal Improvement Trust Fund
D18. Departmental

Related Notices

12443371.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.
12443468.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.