Section 5096.512 - Review of appraisal by qualified independent appraiser(a) In addition to the review by the Department of General Services pursuant to Section 1348.2 of the Fish and Game Code, the appraisal prepared for a major acquisition of land shall be reviewed by a qualified independent appraiser retained by the acquisition agency for this purpose, and who meets the following conditions: (1) The review appraiser did not conduct the appraisal pursuant to Section 5096.510 and has no financial interest in the major acquisition.(2) The review appraiser is licensed pursuant to Part 3 (commencing with Section 11300) of Division 4 of the Business and Professions Code.(b) The review appraiser shall review the appraisal and prepare an appraisal review report, in a narrative format, that does all of the following:(1) Summarizes the appraisal.(2) States the basis on which the value of the land was established.(3) Describes the standards used to prepare the appraisal.(4) Determines whether or not the appraisal meets the standards established under the Uniform Standards of Professional Appraisal Practice.(c) The appraisal review report need not include any proprietary information provided by or on behalf of the seller or that is otherwise exempt from public disclosure pursuant to the California Public Records Act (Division 10 (commencing with Section 7920.000) of Title 1 of the Government Code).(d)(1) If a major acquisition of conservation lands will be approved by more than one acquisition agency and each acquisition agency complies with paragraph (2), not more than one independent appraisal is required pursuant to Section 5096.510, and not more than one appraisal review report is required pursuant to this section.(2) Paragraph (1) is applicable if each acquisition agency does all of the following: (A) Utilizes the independent appraisal and appraisal review report, as required by this chapter.(B) Makes an independent determination of whether to approve the major acquisition of conservation lands.(C) Complies with all of the public disclosure and independent review requirements of this chapter.(e) An acquisition agency shall not utilize property acreage as a categorical threshold to impose an independent review of an appraisal pursuant to this section. However, this prohibition does not prohibit an agency from otherwise considering possible impacts from the acquisition of a large acreage property.Ca. Pub. Res. Code § 5096.512
Amended by Stats 2021 ch 615 (AB 474),s 373, eff. 1/1/2022, op. 1/1/2023.Amended by Stats 2012 ch 394 (SB 1266),s 4, eff. 1/1/2013.Added by Stats 2004 ch 708 (AB 1701), s 1, eff. 1/1/2005.