Article 30 - Transition Provisions - Illinois Statutes

      (225 ILCS 458/Art. 30 heading)ARTICLE 30. TRANSITION PROVISIONS (Scheduled to be repealed on January 1, 2012)

(225 ILCS 458/30‑5)     (Section scheduled to be repealed on January 1, 2012)     Sec. 30‑5. Savings provisions.     (a) This Act is intended to replace the Real Estate Appraiser Licensing Act in all respects.     (b) Beginning July 1, 2002, the rights, powers, and duties exercised by the Office of Banks and Real Estate under the Real Estate Appraiser Licensing Act shall continue to be vested in, to be the obligation of, and to be exercised by the Office of Banks and Real Estate under the provisions of this Act.     (c) This Act does not affect any act done, ratified, or cancelled, any right occurring or established, or any action or proceeding commenced in an administrative, civil, or criminal cause before July 1, 2002 by the Office of Banks and Real Estate under the Real Estate Appraiser Licensing Act. Those actions or proceedings may be prosecuted and continued by the Office of Banks and Real Estate under this Act.     (d) This Act does not affect any license, certificate, permit, or other form of licensure issued by the Office of Banks and Real Estate under the Real Estate Appraiser Licensing Act, except as provided is subsection (c) of Section 5‑25. All such licenses, certificates, permits, or other form of licensure shall continue to be valid under the terms and conditions of this Act.     (e) The rules adopted by the Office of Banks and Real Estate relating to the Real Estate Appraiser Licensing Act, unless inconsistent with the provisions of this Act, are not affected by this Act, and on July 1, 2002, those rules become rules under this Act. The Office of Banks and Real Estate shall, as soon as practicable, adopt new or amended rules consistent with the provisions of this Act.     (f) This Act does not affect any discipline, suspension, or termination that has occurred under the Real Estate Appraiser Licensing Act or other predecessor Act. Any action for discipline, suspension, or termination instituted under the Real Estate Appraiser Licensing Act shall be continued under this Act. (Source: P.A. 92‑180, eff. 7‑1‑02.)

    (225 ILCS 458/30‑10)
    (Section scheduled to be repealed on January 1, 2012)
    Sec. 30‑10. Appraisal Administration Fund.
    (a) The Appraisal Administrative Fund, created under the Real Estate License Act of 1983 and continued under Section 40 of the Real Estate Appraiser Licensing Act, is continued under this Act. All fees collected under this Act shall be deposited into the Appraisal Administration Fund, created in the State Treasury under the Real Estate License Act of 1983.
    (b) Appropriations to the Department from the Appraisal Administration Fund for the purpose of administering the Real Estate Appraiser Licensing Act may be used by the Department for the purpose of administering and enforcing the provisions of this Act.
(Source: P.A. 96‑844, eff. 12‑23‑09.)