CSHB  47(FIN)-EXTEND BOARD OF REAL ESTATE APPRAISERS                                                                  
                                                                                                                                
CHAIR   CON  BUNDE   announced  CSHB   47(FIN)  to   be  up   for                                                               
consideration.                                                                                                                  
                                                                                                                                
MS. LANAYA  SNYDER, staff to  Representative Samuels,  sponsor of                                                               
HB 47,  explained this bill is  also the result of  a legislative                                                               
audit  that  recommends extending  the  Board  of Certified  Real                                                               
Estate  Appraisers.  She  said  the  bill  was  amended  to  make                                                               
language  more  consistent  throughout the  statute  by  changing                                                               
"licensed" to "certified".                                                                                                      
                                                                                                                                
MS. PAT DAVIDSON, Division of  Legislative Audit, said the use of                                                               
certified   real  estate   appraisers   will   be  a   continuing                                                               
requirement for  Alaska's financial  institutions to  qualify for                                                               
federal deposit insurance and to  participate in selling mortgage                                                               
loans  to  federal  government  sponsored  enterprises,  such  as                                                               
Fannie  Mae and  Freddie Mac.  Her division  recommends extending                                                               
the  termination   date  of   the  board   and  had   no  further                                                               
recommendations for operational improvements.                                                                                   
                                                                                                                                
CHAIR BUNDE  noted that  the board is  breaking even.  It doesn't                                                               
need to raise its fees and it  is not costing the state money. He                                                               
set the bill aside for a quorum.                                                                                                
         HB  47-EXTEND BOARD OF REAL ESTATE APPRAISERS                                                                      
                                                                                                                                
CHAIR CON BUNDE announced HB 47 to be back up for consideration.                                                                
                                                                                                                                
SENATOR RALPH SEEKINS moved HB  47 from committee with individual                                                               
recommendations  and   attached  fiscal   note.  There   were  no                                                               
objections and it was so ordered.