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| 1 | AMENDMENT TO HOUSE BILL 2720
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| 2 | AMENDMENT NO. ______. Amend House Bill 2720 by replacing | ||||||
| 3 | line 14 on page 3 through line 8 on page 5 with the following: | ||||||
| 4 | "(e-5) For the purposes of this Act, valuation waivers may | ||||||
| 5 | be prepared by a licensed appraiser notwithstanding any other | ||||||
| 6 | provision of this Act the following types of valuations are not | ||||||
| 7 | appraisals and may not be represented to be appraisals, and a | ||||||
| 8 | license is not required under this Act to
perform such | ||||||
| 9 | valuations if the valuations are performed by (1) an employee | ||||||
| 10 | of the Illinois Department of Transportation who has completed | ||||||
| 11 | a minimum of 45 hours of course work in real estate appraisal, | ||||||
| 12 | including the principals of real estate appraisals, appraisal | ||||||
| 13 | of partial acquisitions, easement valuation, reviewing | ||||||
| 14 | appraisals in eminent domain, appraisal for federal aid highway | ||||||
| 15 | programs, and appraisal review for federal aid highway programs | ||||||
| 16 | and has at least 2 years' experience in a field closely related | ||||||
| 17 | to real estate or (2) or an employee of a county engineer who | ||||||
| 18 | is a registered professional engineer under the Professional | ||||||
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| 1 | Engineering Practice Act of 1989, under the following | ||||||
| 2 | circumstances: | ||||||
| 3 | (A) a valuation waiver in an amount not to exceed | ||||||
| 4 | $10,000 prepared pursuant to the federal Uniform | ||||||
| 5 | Relocation Assistance and Real Property Acquisition | ||||||
| 6 | Policies Act of 1970, or prepared pursuant to the federal | ||||||
| 7 | Uniform Relocation Assistance and Real Property | ||||||
| 8 | Acquisition for Federal and Federally-Assisted Programs | ||||||
| 9 | regulations and which is performed by an employee of the | ||||||
| 10 | Illinois Department of Transportation and co-signed by | ||||||
| 11 | another employee of the Illinois Department of | ||||||
| 12 | Transportation who is a registered professional engineer | ||||||
| 13 | under the Professional Engineering Practice Act of 1989; | ||||||
| 14 | and | ||||||
| 15 | (B) a valuation waiver in an amount not to exceed | ||||||
| 16 | $10,000 prepared pursuant to the federal Uniform | ||||||
| 17 | Relocation Assistance and Real Property Acquisition | ||||||
| 18 | Policies Act of 1970, or prepared pursuant to the federal | ||||||
| 19 | Uniform Relocation Assistance and Real Property | ||||||
| 20 | Acquisition for Federal and Federally-Assisted Programs | ||||||
| 21 | regulations and which is performed by a county engineer who | ||||||
| 22 | is employed by a county and is a registered professional | ||||||
| 23 | engineer under the Professional Engineering Practice Act | ||||||
| 24 | of 1989.".
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