§ 44-5-11.1. Certification of businesses and employees engaged in revaluing property. (a) All persons, firms, associations, partnerships, and corporations engaged in the business of revaluing property for any town or city pursuant to the provisions of § 44-5-11.6 shall be certified by the department of revenue.
(b) All employees of persons, firms, associations, partnerships, and corporations referred to in subsection (a) of this section shall, prior to revaluing property for any town or city pursuant to the provisions of § 44-5-11.6, be certified by the department of revenue as qualified to perform the services.
(c) Each person, firm, association, partnership, or corporation referred to in subsection (a) of this section shall, prior to revaluing property for any town or city pursuant to the provisions of § 44-5-11.6, disclose to the town or city council of that municipality, all standards to be used in conducting the revaluation and secure approval of the town or city council.
(d)(1) The director of revenue shall promulgate rules and regulations as are necessary to carry out the purposes of this section.
(2) The rules and regulations shall include, but shall not be limited to, the following requirements:
(i) The person, firm, association, partnership, or corporation:
(A) Must demonstrate experience in the field of assessing, revaluation, and ad valorem appraising;
(B) Must list all officers engaged in the revaluation process in Rhode Island;
(C) Must list all project managers, field supervisors, reviewers, appraisers, and other personnel engaged in the revaluation process in Rhode Island;
(D) Must provide a list of the five (5) most recent revaluation projects performed within the preceding ten (10) years, including the municipality and state in which the work was performed as well as the project supervisor for each project;
(E) Must post a performance surety bond;
(F) Demonstrate financial solvency of the company;
(G) List all pending litigation, if any, to which the company is a party;
(ii) The rules and regulations shall require ad valorem appraisers to have either proper designations from recognized professional organizations or written examinations by the licensing agency.
History of Section. (P.L. 1984, ch. 328, § 1; P.L. 2005, ch. 410, § 29; P.L. 2008, ch. 98, § 37; P.L. 2008, ch. 145, § 37.)
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