Section Env-Wt 808.12 - Appraisal Requirements(a) The applicant requesting funding from the ARM Fund for acquisition of a conservation interest shall obtain an appraisal or an updated appraisal after the applicant has received notification from the department that the applicant's application for funding has been selected and prior to the funding being provided.(b) If an appraisal has not been completed within 120 days of the notification, the money shall revert back to the ARM fund.(c) An appraisal shall be conducted for each property included in the proposed project, based on the terms of the proposed conservation interest instrument and the survey performed in accordance with Env-Wt 808.11.(d) In order for the appraisal to be accepted as a determination of the fair market value of the conservation interest, the appraisal shall be certified by the individual who performed the appraisal that it was conducted in accordance with the Uniform Standards of Professional Appraisal Practice established by The Appraisal Foundation.(e) The applicant shall submit the appraisal to the department.N.H. Code Admin. R. Env-Wt 808.12
Derived From Volume XXXVI Number 01, Filed January 7, 2016, Proposed by #11000, Effective 2/1/2016, Expires 2/1/2026.Amended by Volume XXXIX Number 28, Filed July 11, 2019, Proposed by #12808, Effective 12/15/2019, Expires 12/15/2029.