Appraisals of Value of Development Rights. Qualified Appraisers. Determination by Commissioner. Notification.

Commissioner. Notification. (a) The value of development rights for project acreage shall be determined by one or more appraisers, which appraisers shall be licensed by the Department of Consumer Protection and selected by the Commissioner. No appraisal shall be performed at the Commissioner's expense unless the appraisal has been previously approved in writing by the Commissioner. (b) Project partners, at their own expense, may have projects appraised by one or more appraisers. Such appraisals may be submitted to the Commissioner for review and consideration, provided the appraisals are performed consistent with the requirements of subsection (a) of this section. (c) Applicants, at their own expense, may have their project appraised by one or more appraisers. Such appraisals shall be considered by the Commissioner, provided that the appraisals are performed consistent with the requirements of subsection (a) of this section. (d) Final determination of the value of development rights for project acreage shall be determined by the Commissioner in accordance with section 22-26cc or 22-26nn of the Connecticut General Statutes, as applicable.