22.395.9 97th Legislative Session 373

2022 South Dakota Legislature

House Bill 1061

Introduced by: Representative Duba

An Act to codify an advisory committee for the appraisal certification program.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That chapter 36-21B be amended with a NEW SECTION:

The secretary of the Department of Labor and Regulation shall establish an advisory committee for purposes of soliciting input from appraisers, financial institutions, and other experts in the areas of appraisal certification program administration, in order to sustain a program that is consistent with applicable federal and state requirements.

The advisory committee shall consist of ten members:

(1) One representative of the Division of Banking;

(2) One representative of the South Dakota Real Estate Commission;

(3) One licensed real estate broker in this state;

(4) One banking institution representative;

(5) One mortgage broker; and

(6) Five licensed or certified appraisers in this state.

Section 2. That chapter 36-21B be amended with a NEW SECTION:

Each committee member shall serve a term of three years. No committee member may be appointed to more than three consecutive, full terms. If a vacancy occurs, the board shall appoint a person to fill the unexpired term. The appointment of a person to an unexpired term is not considered a full term.

The committee shall meet quarterly at such time and place within this state as shall be designated by the secretary of the Department of Labor and Regulation. The committee shall meet the requirements of chapter 1-25 regarding open meetings.

Each committee member shall receive travel and subsistence expense in accordance with rules established by the State Board of Finance. In addition, per diem at rates established by the board must be paid each member for each day of actual service for traveling to, attending, and returning from meetings of the committee. Travel, subsistence, and per diem must be paid on vouchers duly verified and approved according to the rules determined by the board.

Underscores indicate new language.

Overstrikes indicate deleted language.