South Carolina General Assembly
115th Session, 2003-2004

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H. 3386

STATUS INFORMATION

General Bill
Sponsors: Reps. Huggins and Cotty
Document Path: l:\council\bills\gjk\20108sl03.doc

Introduced in the House on January 22, 2003
Introduced in the Senate on February 18, 2003
Currently residing in the Senate Committee on Labor, Commerce and Industry

Summary: Professional conduct of appraisers

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/22/2003  House   Introduced and read first time HJ-14
   1/22/2003  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-14
   2/12/2003  House   Committee report: Favorable Labor, Commerce and Industry 
                        HJ-2
   2/13/2003  House   Member(s) request name added as sponsor: Cotty
   2/13/2003  House   Read second time HJ-14
   2/13/2003  House   Unanimous consent for third reading on next legislative 
                        day HJ-15
   2/13/2003          Scrivener's error corrected
   2/14/2003  House   Read third time and sent to Senate HJ-2
   2/18/2003  Senate  Introduced and read first time SJ-8
   2/18/2003  Senate  Referred to Committee on Labor, Commerce and Industry 
                        SJ-8

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/22/2003
2/12/2003
2/13/2003

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

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COMMITTEE REPORT

February 12, 2003

H. 3386

Introduced by Rep. Huggins

S. Printed 2/12/03--H.    [SEC 2/13/03 2:38 PM]

Read the first time January 22, 2003.

            

THE COMMITTEE ON

LABOR, COMMERCE AND INDUSTRY

To whom was referred a Bill (H. 3386) to amend Section 40-60-240, Code of Laws of South Carolina, 1976, relating to uniform standards of professional appraisal practice, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

HARRY F. CATO for Committee.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

ESTIMATED FISCAL IMPACT ON GENERAL FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

ESTIMATED FISCAL IMPACT ON FEDERAL & OTHER FUND EXPENDITURES IS:

$0 (No additional expenditures or savings are expected)

EXPLANATION OF IMPACT:

The Department of Labor, Licensing and Regulation has indicated this bill would not have any impact on the department, the General Fund of the State, or on federal and/or other funds.

The bill relates to uniform standards of professional appraisal practice.

Approved By:

Don Addy

Office of State Budget

A BILL

TO AMEND SECTION 40-60-240, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE, SO AS TO PRESCRIBE PROFESSIONAL CONDUCT OF APPRAISERS IN CONFORMANCE WITH THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE, (USPAP) AS PROMULGATED BY THE APPRAISAL STANDARDS BOARD OF THE APPRAISAL FOUNDATION.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 40-60-240 of the 1976 Code, as added by Act 335 of 2000, is amended to read:

"Section 40-60-240.    The board shall adopt the standards, and amendments to these standards, of professional appraisal practice, as promulgated by the Appraisal Standards Board of the Appraisal Foundation. All appraiser Appraiser apprentices and state licensed and certified appraisers shall conform their professional conduct to these standards of professional appraisal practice the Uniform Standards of Professional Appraisal Practice (USPAP) and its amendments, as promulgated by the Appraisal Standards Board of the Appraisal Foundation."

SECTION 2. This act takes effect upon approval by the Governor.

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