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Panel advances regulation codifying State Conservation Bank appraisal policy
Summary
A legislative committee voted to forward a proposed regulation that would codify the State Conservation Bank's existing appraisal procurement policy after agency counsel and the attorney general's office advised the policy must be formally promulgated.
Representative Bill Taylor, chair of the Regulations and Administrative Procedures Committee, moved and the committee voted to forward a proposed regulation on procurement of appraisal services for the State Conservation Bank to the full committee with a recommendation that it be approved.
The regulation would codify the State Conservation Bank's existing internal policy for purchasing appraisal services so the agency does not pay more than fair market value. Raleigh West, director of the State Conservation Bank, told the committee the change follows outside counsel and an opinion from the attorney general's…
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