SB3634 amends the State Finance Act, Public Contract Fraud Act, and Real Estate Appraiser Licensing Act, affecting signature requirements for.
SB3634 amends the State Finance Act to require signatures for construction contracts over $750,000. It modifies the Public Contract Fraud Act to allow the Department of Transportation to proceed with bidding or awarding contracts after complying with federal requirements. The Real Estate Appraiser Licensing Act is amended to define terms, establish the Real Estate Appraisal Administration and Disciplinary Board, and outline disciplinary actions for appraisers.
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