Legislature(2013 - 2014)BARNES 124
04/11/2014 03:15 PM House LABOR & COMMERCE
| Audio | Topic |
|---|---|
| Start | |
| HB346 | |
| SB129 | |
| SB159 | |
| SB145 | |
| SB58 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| *+ | HB 346 | TELECONFERENCED | |
| + | SB 138 | TELECONFERENCED | |
| + | SB 129 | TELECONFERENCED | |
| += | SB 159 | TELECONFERENCED | |
| + | SB 145 | TELECONFERENCED | |
| + | SB 58 | TELECONFERENCED | |
| + | TELECONFERENCED |
SB 129-REAL ESTATE APPRAISERS
3:49:59 PM
CHAIR OLSON announced that the next order of business would be
CS FOR SENATE BILL NO. 129(FIN), "An Act extending the
termination date of the Board of Certified Real Estate
Appraisers; relating to real estate appraisers; and providing
for an effective date."
3:50:08 PM
NATALIE TEAL, Staff, Senator Anna Fairclough, Alaska State
Legislature, explained the additional changes made to SB 129 in
the Senate version before the committee, the committee
substitute (CS) for SB 129 (FIN). The original version SB 129
was a sunset bill to extend the Board of Certified Real Estate
Appraisers for another four years; however, the Department of
Commerce, Community & Economic Development (DCCED) approached
the committee with additional changes in order for the board to
remain in compliance with the federal requirements laid out in
the Dodd-Frank Wall Street Reform and Consumer Protection Act
(Dodd-Frank) that amends Title 11 of the Financial Institutions
Reform, Recovery, and Enforcement Act of 1989.
3:51:03 PM
MS. TEAL explained that Section 1 of the bill extends the board.
An audit completed last June by the Division of Legislative
Budget and Audit recommended that the board be extended until
June 30, 2018. This four-year extension is half of the eight
year maximum allowed in statute. The shortened extension period
is due to the projected increase in federally mandated
responsibilities over the next few years. The remaining
sections are designed to bring the board into compliance with
those changes.
3:52:24 PM
KRIS CURTIS, Legislative Auditor, Legislative Audit Division,
Legislative Agencies and Offices, stated that the division
conducted a sunset audit on the Board of Certified Real Estate
Appraisers and the report is dated June 2013. The purpose of
the audit was to examine whether the board was serving the
public's interest and if the termination date should be
extended. Overall the division concluded that the board is
protecting the public's interest by effectively licensing and
regulating real estate appraisers. The audit [Audit Control
Number 08-20084-13] recommends the board's termination date be
extended four years of the eight year maximum, and as Ms. Teal
explained, is in recognition of the increase in the board's
responsibilities mandated by the federal government. She said
the division felt it was prudent to come in earlier than the
eight years to examine the board and its responsibilities. The
audit report recommendations for operational improvements are
directed not to the board but to the Division of Corporations,
Business and Professional Licensing (DCBPL). One recommendation
was to improve administrative support to the board including
addressing investigative delays. The second recommendation was
directed to the DCBPL's director to continue improvements to the
investigative case management system. She related that the
board and the department agreed with the recommendations.
3:54:05 PM
REPRESENTATIVE JOSEPHSON referred to the second recommendation
and said his understanding is that this issue is a problem that
has been seen in a number of boards and commissions.
MS. CURTIS stated that the second recommendation is to improve
administrative support. She clarified that her earlier
testimony pertained to improving the investigative case
management, which has been a division-wide issue.
3:55:03 PM
CHAIR OLSON, after first determining no one else wished to
testify, closed public testimony on SB 129.
REPRESENTATIVE JOSEPHSON assumed the [appraisers] found this
acceptable. He asked whether the committee has heard anything
otherwise.
CHAIR OLSON answered no.
3:55:54 PM
REPRESENTATIVE HERRON moved to report CSSB 129(FIN) out of
committee with individual recommendations and the accompanying
fiscal notes. There being no objection, CSSB 129(FIN) was
reported from the House Labor and Commerce Standing Committee.