| SB 0518 | Creates State Board of Auctioneers to regulate auctioneers |
| Sponsor: | DePasco | |||
| LR Number: | 0545S.02I | Fiscal Note: | 0545-02 | |
| Committee: | Financial and Governmental Organization | |||
| Last Action: | 02/26/01 - Second Read and Referred S Financial & Governmental, | Journal page: | S333 | |
| Organization, Veterans' Affairs & Elections Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2001 | |||
SB 518 - This act creates new procedures for the licensing of auctioneers. Current law provides for the licensing of auctioneers by counties. This act creates a five-member State Board of Auctioneers within the Professional Registration Division of Economic Development which oversees the examination and licensing for auction related occupations, including; auctioneer, auction facility owner and apprentice auctioneer.
The Board will collect fees to be deposited in the State
Board of Auctioneers Fund for administrative purposes. The Board
will annually collect fifty dollars from each applicant or
renewal licensee to fund the Auctioneers Education, Research and
Recovery Fund, which is a subaccount of the State Board of
Auctioneers Fund. This subaccount will be used to assist
individuals who have received a judgement against a licensee.
JULIA SOMMER GRUS