(a) In addition to the review by the Department of General Services pursuant to Section 1348.2 of the Fish and Game Code, the appraisal prepared for a major acquisition of land shall be reviewed by a qualified independent appraiser retained by the acquisition agency for this purpose, and who meets the following conditions:

1. (1) The review appraiser did not conduct the appraisal pursuant to Section 5096.510 and has no financial interest in the major acquisition.
2. (2) The review appraiser is licensed pursuant to Part 3 (commencing with Section 11300) of Division 4 of the Business and Professions Code.

(b) The review appraiser shall review the appraisal and prepare an appraisal review report, in a narrative format, that does all of the following:

1. (1) Summarizes the appraisal.
2. (2) States the basis on which the value of the land was established.
3. (3) Describes the standards used to prepare the appraisal.
4. (4) Determines whether or not the appraisal meets the standards established under the Uniform Standards of Professional Appraisal Practice.

(d)

1. (1) If a major acquisition of conservation lands will be approved by more than one acquisition agency and each acquisition agency complies with paragraph (2), not more than one independent appraisal is required pursuant to Section 5096.510, and not more than one appraisal review report is required pursuant to this section.

2. (2) Paragraph (1) is applicable if each acquisition agency does all of the following:

   1. (A) Utilizes the independent appraisal and appraisal review report, as required by this chapter.
   2. (B) Makes an independent determination of whether to approve the major acquisition of conservation lands.
   3. (C) Complies with all of the public disclosure and independent review requirements of this chapter.