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IL HB5709

Bill

Status

Passed

8/15/2014

Primary Sponsor

Anthony DeLuca

Click for details

Origin

House of Representatives

98th General Assembly

AI Summary

  • Amends the Real Estate Appraiser Licensing Act of 2002 to expand exemptions for preparing valuation waivers under federal relocation assistance programs to include municipal employees and municipal engineers in addition to Illinois Department of Transportation employees.

  • Allows municipal employees with 45 hours of real estate appraisal coursework and either 2 years of related experience or 20 additional hours of coursework to prepare valuation waivers up to $10,000 without a real estate appraiser license.

  • Allows municipal engineers who are registered professional engineers and have completed Federal Highway Administration-approved coursework to prepare valuation waivers up to $10,000 without a real estate appraiser license.

  • Requires valuation waivers prepared by municipal employees to be co-signed by a county or municipal engineer who is a registered professional engineer and must include the engineer's license number.

  • Maintains existing restrictions that valuation waivers cannot exceed $10,000 and must comply with federal Uniform Relocation Assistance and Real Property Acquisition Policies Act requirements.

Legislative Description

REAL ESTATE -VALUATION WAIVER

Last Action

Public Act . . . . . . . . . 98-0933

8/15/2014

Committee Referrals

Local Government4/30/2014
Assignments4/29/2014
Business Occupational Licenses2/27/2014
Rules2/14/2014

Full Bill Text

No bill text available