03/20/2018 09:00 AM Senate FINANCE

SENATE BILL NO. 155                                                                                                           
                                                                                                                                
     "An Act relating to the  registration and regulation of                                                                    
     real  estate appraisal  management companies;  relating                                                                    
     to  the  establishment of  fees  by  the Department  of                                                                    
     Commerce,   Community,    and   Economic   Development;                                                                    
     relating  to   the  Board  of  Certified   Real  Estate                                                                    
     Appraisers; and relating to real estate appraisers."                                                                       
                                                                                                                                
9:03:10 AM                                                                                                                    
                                                                                                                                
Vice-Chair  Bishop MOVED  to  ADOPT  the proposed  committee                                                                    
substitute  for SB  155,  Work  Draft 30-LS1295\O  (Radford,                                                                    
3/15/18).                                                                                                                       
                                                                                                                                
Co-Chair MacKinnon OBJECTED for discussion.                                                                                     
                                                                                                                                
9:03:37 AM                                                                                                                    
                                                                                                                                
JULI  LUCKY,  STAFF,   SENATOR  ANNA  MACKINNON,  discussed,                                                                    
"Explanation of Changes   CS for SB 155 (FIN)  version:  30-                                                                    
LS1295\O" (copy on file):                                                                                                       
                                                                                                                                
     ? Reorganizes  and rewords section 4  for clarity (page                                                                    
     3, lines 24-29).                                                                                                           
                                                                                                                                
     ? Removes the requirement  that a controlling person be                                                                    
     certified  as a  real estate  appraiser in  Alaska; the                                                                    
     new CS requires the  controlling person to be certified                                                                    
     in "a state" on page 5, line 25.                                                                                           
                                                                                                                                
Co-Chair   MacKinnon  wondered   whether  there   were  more                                                                    
changes.                                                                                                                        
                                                                                                                                
Ms. Lucky discussed the final change in the bill:                                                                               
                                                                                                                                
     Adds effective date sections starting  on page 10, line                                                                    
     14, to  ensure that the  bill is effective on  the date                                                                    
     required by  the federal  government and,  if possible,                                                                    
     give the department time  to process applications prior                                                                    
     to requiring registration.                                                                                                 
                                                                                                                                
     Specifically, the  bill will take effect  on August 10,                                                                    
     2018  unless the  department  notifies  the revisor  of                                                                    
     statutes that  an extension was granted,  in which case                                                                    
     the   department  would   be  able   to  start   taking                                                                    
     applications  on January  1,  2019 and  the AMCs  would                                                                    
     have to be registered by March 1, 2019.                                                                                    
                                                                                                                                
9:07:32 AM                                                                                                                    
                                                                                                                                
SENATOR KEVIN  MEYER, SPONSOR, supported the  changes in the                                                                    
committee substitute.                                                                                                           
                                                                                                                                
Co-Chair MacKinnon  WITHDREW the  objection. There  being NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
Ms. Lucky discussed  the new fiscal note  from Department of                                                                    
Commerce, Community and Economic Development (DCCED).                                                                           
                                                                                                                                
Senator  Micciche  surmised  that one-third  of  a  position                                                                    
would   be   partnered    with   several   other   licensing                                                                    
responsibilities,  and used  only  receipt  services in  the                                                                    
fiscal  note.  Ms. Lucky  deferred  to  the department,  but                                                                    
confirmed that  it was  all receipt-supported  services. She                                                                    
stated that one-third or one-half was accurate.                                                                                 
                                                                                                                                
9:09:29 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:10:02 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
9:10:09 AM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon  remarked that  the public  testimony had                                                                    
occurred in a previous meeting.                                                                                                 
                                                                                                                                
Senator  Meyer   felt  that  there   had  been   a  thorough                                                                    
discussion of  the bill. He  remarked that other  states had                                                                    
passed  similar legislation.  He  noted  that the  committee                                                                    
substitute allowed for some flexibility.                                                                                        
                                                                                                                                
Vice-Chair  Bishop  MOVED to  REPORT  CSSB  155(FIN) out  of                                                                    
committee with  individual recommendations  and accompanying                                                                    
fiscal note. There being NO OBJECTION, it was so ordered.                                                                       
                                                                                                                                
CSSB  155 (FIN)  was REPORTED  out of  committee with  a "do                                                                    
pass"  recommendation and  with one  new fiscal  impact note                                                                    
from  the Department  of  Commerce,  Community and  Economic                                                                    
Development.                                                                                                                    
                                                                                                                                
9:12:01 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:14:12 AM                                                                                                                    
RECONVENED