9 CRR-NY 440.6NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE I. OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION
CHAPTER IV. ENVIRONMENTAL ASSISTANCE PROGRAMS
SUBCHAPTER C. ENVIRONMENTAL PROTECTION ACT
PART 440. PROVISIONS RELATING TO ALL PROJECTS
9 CRR-NY 440.6
9 CRR-NY 440.6
440.6 Appraisals.
Appraisals shall be prepared according to the following requirements:
(a) Appraisals shall be prepared by a qualified appraiser in accordance with the guidelines of the office.
(b) Appraisers must either be licensed or certified by the State of New York or appear on the New York State Department of Transportation's list of qualified appraisers.
(c) Appraisals must be conducted no more than 12 months prior to the acquisition of the property by the project sponsor.
(d) If the property is valued at $300,000 or more, two appraisals must be obtained.
(e) If the property is valued at less than $300,000, one appraisal is required.
(f) If the property is valued at less than $25,000, a short-form appraisal may be used at the discretion of the office.
(g) The office may change appraisal requirements to conform to any guidelines which may be issued by the State Comptroller.
9 CRR-NY 440.6
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.