State of South Dakota  
EIGHTY-EIGHTH SESSION
LEGISLATIVE ASSEMBLY, 2013  

400U0296   SENATE BILL   NO.  60  

Introduced by:    The Committee on Commerce and Energy at the request of the Department of Labor and Regulation
 

        FOR AN ACT ENTITLED, An Act to revise certain definitions regarding the appraisal certification program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. That chapter 36-21B be amended by adding thereto a NEW SECTION to read as follows:
    For the purposes of this chapter, appraisal practice is any valuation service, including appraisal, appraisal review, or appraisal consulting, performed by an individual acting as an appraiser.
    Section 2. That § 36-21B-2 be amended to read as follows:
    36-21B-2. For the purposes of this chapter, an appraisal is the act or process of estimating developing an opinion of value of real estate for another and for compensation.
    Section 3. That § 36-21D-3 be amended to read as follows:
    36-21D-3. For the purposes of this chapter, an appraisal is the act or process of estimating developing an opinion of value of real estate for another and for compensation.

170 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.093 per page.   		.
   		Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.