SLS 14RS-1312 REENGROSSED Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2014 SENATE BILL NO. 575 (Substitute of Senate Bill No. 263 by Senator Martiny) BY SENATOR MARTINY APPRAISERS. Provides relative to the Louisiana Real Estate Appraisers Board. (gov sig) AN ACT1 To repeal R.S. 37:3415.21(B), relative to the Louisiana Real Estate Appraisers Board; to2 repeal certain provisions relative to legislative review of administrative rules3 proposed by the board; and to provide for related matters.4 Be it enacted by the Legislature of Louisiana:5 Section 1. R.S. 37:3415.21(B) is hereby repealed.6 Section 2. This Act shall become effective upon signature by the governor or, if not7 signed by the governor, upon expiration of the time for bills to become law without signature8 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If9 vetoed by the governor and subsequently approved by the legislature, this Act shall become10 effective on the day following such approval.11 The original instrument was prepared by Michelle Ducharme. The following digest, which does not constitute a part of the legislative instrument, was prepared by Nancy Vicknair. DIGEST Martiny (SB 575) Present law authorizes the La. Real Estate Appraisers Board (board) to adopt any rules and regulations in accordance with the Administrative Procedure Act that are necessary to enforce the provisions of present law. SB NO. 575 SLS 14RS-1312 REENGROSSED Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Proposed law retains present law. Present law requires affirmative approval of the proposed rules by the House of Representatives Committee on Commerce and the Senate Committee on Commerce, Consumer Protection and International Affairs. Proposed law repeals present law. Present law provides that if the legislature is not in session, the proposed rules shall be deemed affirmatively approved if 45 days have elapsed from the date the proposed rules are received by the oversight committees and no hearing is held by either committee. Proposed law repeals present law. Effective upon signature of the governor or lapse of time for gubernatorial action. (Repeals R.S. 37:3415.21(B)) Summary of Amendments Adopted by Senate Senate Floor Amendments to engrossed bill 1. Repeals present law provisions requiring affirmative approval of proposed rules by the House of Representatives Committee on Commerce and the Senate Committee on Commerce, Consumer Protection and International Affairs. 2. Repeals present law provisions whereby the proposed rules are deemed affirmatively approved if 45 days have elapsed from the date such rules are received by the oversight committees and no hearing is held by either committee.