Page:United States Statutes at Large Volume 114 Part 2.djvu/134

 114 STAT. 1016 PUBLIC LAW 106-291—OCT. 11, 2000 (3) enter into a contract with an appropriate professional appraisal organization to manage the development of specific appraisal guidelines in accordance with subsection (b), subject to public comment and congressional review; (4) require that an appraisal be performed by a Statecertified general real estate appraiser, selected by the Secretary and licensed to practice in the State in which the lot is located; (5) provide the appraiser with appraisal guidelines developed in accordance with this title; (6) notwithstanding any other provision of law, require the appraiser to coordinate the appraisal closely with affected parties by seeking information, cooperation, and advice from cabin owners and tract associations; (7) require that the appraiser perform the appraisal in compliance with— (A) the most current edition of the Uniform Standards of Professional Appraisal Practice in effect on the date of the appraisal; (B) the most current edition of the Uniform Appraisal Standards for Federal Land Acquisitions that is in effect on the date of the appraisal; and (C) the specific appraisal guidelines developed in accordance with this title; (8) require that the appraisal report— (A) be a full narrative report, in compliance with the reporting standards of the Uniform Standards of Professional Appraisal Practice; and (B) comply with the reporting guidelines established by the Uniform Appraisal Standards for Federal Land Acquisitions; and (9) before accepting any appraisal, conduct a review of the appraisal to ensure that the guidelines made available to the appraiser have been followed and that the appraised values are properly supported. (b) SPECIFIC APPRAISAL GUIDELINES.— In the development of specific appraisal guidelines in accordance with subsection (a)(3), the instructions to an appraiser shall require, at a minimum, the following: (1) APPRAISAL OF A TYPICAL LOT.— (A) IN GENERAL.—In conducting an appraisal under this section, the appraiser— (i) shall not appraise each individual lot; (ii) shall appraise a typical lot or lots, selected by the cabin owners and the agency in a manner consistent with the policy of the program; and (iii) shall be provided, and give appropriate consideration to, any information contained in the inventory of improvements relating to the lot being appraised. (B) ESTIMATE OF MARKET VALUE OF TYPICAL LOT. — (i) IN GENERAL.—The appraiser shall estimate the market value of a typical lot in accordance with this title. (ii) EQUIVALENCE TO LEGALLY SUBDIVIDED LOT.— In selecting a comparable sale under this title, the appraiser shall recognize that the t3T)ical lot will not usually be equivalent to a legally subdivided lot.

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