04/15/2010 01:30 PM Senate FINANCE

HOUSE BILL NO. 342                                                                                                            
                                                                                                                                
     "An Act extending the termination  date of the Board of                                                                    
     Certified Real Estate Appraisers;  and providing for an                                                                    
     effective date."                                                                                                           
                                                                                                                                
3:21:08 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE TAMMIE  WILSON discussed the  legislation and                                                                    
the  recommendation  to  extend  the  bill  of  real  estate                                                                    
appraisers to  June 30, 2014. She  explained the composition                                                                    
of the board and their duties.                                                                                                  
                                                                                                                                
Co-Chair  Stedman   asked  about  the   recommendation.  Ms.                                                                    
Davidson replied that  concerning administrative issues were                                                                    
discovered during  the board review.  The board  was created                                                                    
in  an  effort  to increase  the  professional  requirements                                                                    
associated with real estate appraisers.  If the board ceases                                                                    
to   operate   in   accordance  with   federal   guidelines,                                                                    
significant negative  impacts in regard to  participation in                                                                    
federal  programs might  occur. The  issues identified  were                                                                    
not  significant  individually,  but  the  board's  lack  of                                                                    
response led  to concern leading  to the decision of  a four                                                                    
rather than an eight year extension.                                                                                            
                                                                                                                                
Senator Olson  asked if the administrative  shortcomings and                                                                    
the  other   errors  found  in  the   federal  investigation                                                                    
affected  the licensees'  ability to  conduct business.  Ms.                                                                    
Davidson responded no.                                                                                                          
                                                                                                                                
Co-Chair Stedman  mentioned one  fiscal note for  $99,700 in                                                                    
receipt supported services included in the FY 11 budget.                                                                        
                                                                                                                                
3:25:27 PM                                                                                                                    
                                                                                                                                
Representative   Wilson  expressed   appreciation  for   the                                                                    
hearing of HB 342.                                                                                                              
                                                                                                                                
HB  342  was  HEARD  and   HELD  in  Committee  for  further                                                                    
consideration.