Senate Bill No. 307–Senator Schneider

 

March 9, 2001

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Referred to Committee on Commerce and Labor

 

SUMMARY—Provides for employment of special investigator to assist commission of appraisers of real estate. (BDR 54‑1062)

 

FISCAL NOTE:            Effect on Local Government: No.

                                    Effect on the State: Contains Appropriation not included in Executive Budget.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to appraisers of real estate; providing for the employment of a special investigator to assist the commission of appraisers of real estate; making an appropriation; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. Chapter 645C of NRS is hereby amended by adding thereto

1-2  a new section to read as follows:

1-3    1.  The division shall employ a special investigator to provide the

1-4  commission with such investigative assistance as the commission deems

1-5  appropriate to carry out its duties pursuant to this chapter. The special

1-6  investigator must hold a current certificate as a general appraiser and

1-7  have experience in the investigation of complaints against appraisers.

1-8    2.  The division shall, within the limits of money available for that

1-9  purpose, provide the special investigator with such office space, supplies

1-10  and equipment, resources and training as the commission deems

1-11  appropriate for the special investigator to carry out his duties effectively.

1-12    Sec. 2.  1.  There is hereby appropriated from the state general fund

1-13  to the real estate division of the department of business and industry for the

1-14  payment of such a salary and such travel and other expenses as are required

1-15  to carry out section 1 of this act:

1-16  For the fiscal year 2001-2002............. $100,000

1-17  For the fiscal year 2002-2003............. $100,000

1-18    2.  Any balance of the sums appropriated by subsection 1 remaining at

1-19  the end of the respective fiscal years must not be committed for

1-20  expenditure after June 30 of the respective fiscal years and reverts to the

1-21  state general fund as soon as all payments of money committed have been

1-22  made.

2-1    Sec. 3.  This act becomes effective on July 1, 2001.

 

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