FORTY-SIXTH LEGISLATURE
SB 101/a

FIRST SESSION, 2003





January 30, 2003



Madam President:



Your PUBLIC AFFAIRS COMMITTEE, to whom has been referred



SENATE BILL 101



has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:



1. On page 9, line 1, strike "66-5A-8" and insert in lieu thereof "61-5A-8".



2. On page 12, line 22, before association strike "hygienists".



3. On page 55, between lines 5 and 6, insert the following new section to read:



"Section 32. Section 61-30-5 NMSA 1978 (being Laws 1990, Chapter 75, Section 5, as amended) is amended to read:



"61-30-5. REAL ESTATE APPRAISERS BOARD CREATED.--



A. There is created a "real estate appraisers board" consisting of seven members. The board shall be administratively attached to the regulation and licensing department.



B. There shall be four real estate appraiser members of the board who shall be licensed or certified. Membership in a professional appraisal organization or association shall not be a prerequisite to serve on the board. No more than two real estate appraiser members shall be from any one licensed or certified category.













C. Board members shall be appointed to five-year terms and shall serve until their successor is appointed and qualified. Real estate appraiser members may be appointed for no more than two five-year terms.





D. No more than two members shall be from any one county within New Mexico, and at least one real estate appraiser member shall be from each congressional district.



E. One member of the board shall represent lenders or their assignees engaged in the business of lending funds secured by mortgages. Two members shall be appointed to represent the public. The public members shall not have been real estate appraisers or engaged in the business of real estate appraisals or have any financial interest, direct or indirect, in real estate appraisal or any real-estate-related business.



F. Vacancies on the board shall be filled by appointment by the governor for the unexpired term within sixty days of the vacancy."".





4. Renumber the succeeding sections accordingly.





Respectfully submitted,







__________________________________

Dede Feldman, Chairman







Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)





Date ________________________





The roll call vote was 5 For 0 Against

Yes: 5

No: 0

Excused: Adair, Boitano, Garcia, Sanchez, M.

Absent: None





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