The Collection Center may only perform a new appraisal of property in Puerto Rico when the conditions and requirements imposed by this section are met.\nThe Governing Board of the Collection Center may authorize the Center to carry out a new appraisal for real property as well as for personal property in the manner provided below. For purposes of said appraisal, the Center must establish a new classification, adopt valuation norms and perform a new cadastral survey if needed.\nThe Governing Board may issue such a resolution only when it is shown, after a duly substantiated evaluation and report, that the Collection Center has substantially appraised all the unappraised real and personal property and that it has reached a level of operational efficiency in the collection of taxes as well as in the performance of its functions and operations that will allow it to have the personnel and mechanisms needed to perform a new appraisal.\nThe resolution ordering the Collection Center to perform a new appraisal of all tangible real and personal property in Puerto Rico must be approved by the unanimous vote of all the mayors who are members of the Governing Board and ratified by the

o perform a new appraisal of all tangible real and personal property in Puerto Rico must be approved by the unanimous vote of all the mayors who are members of the Governing Board and ratified by the Secretary of the Treasury.\nOnce the resolution ordering a new appraisal is ratified and approved, the Collection Center shall classify and appraise all real property in its real and current value using any of the recognized methods and factors for the appraisal or valuation of property, so that the appraisal of each of the several types of property may yield uniform results.\nProvided, That for purposes of this chapter, none of the provisions of this section shall apply to the appraisal of all real property as of January 1, 2009, January 1, 2010, and January 1, 2011.\nHistory —Aug. 30, 1991, No. 83, § 3.02; Mar. 9, 2009, No. 7, § 60; July 10, 2009, No. 37, § 30.