71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to A-Eng. SB 320
 
LC 1021/SB 320-A3
 
                       HOUSE AMENDMENTS TO
                   A-ENGROSSED SENATE BILL 320
 
      By COMMITTEE ON BUSINESS, LABOR, AND CONSUMER AFFAIRS
 
                             May 15
 
  On page 1 of the printed A-engrossed bill, line 6, after '
cense' delete the rest of the line and lines 7 through 9 and
insert 'a person if the person, or the owner or holder of a
direct or indirect interest in the person:'.
  Delete lines 11 and 12.
  In line 13, delete '(c)' and insert '(b)' and delete ' Owes any
amount pursuant to a court order' and insert 'Owes any amount
under final judgment of a court'.
  In line 14, after 'in' insert 'Oregon or' and delete the period
and insert '; or
  ' (c) Has had a license to operate as a construction contractor
revoked by a construction contractor licensing agency of any
state.'.
  In line 16, delete 'individual' and insert 'person'.
  After line 17, insert:
  ' (3) The board shall adopt rules defining the ownership or
holding of a direct or indirect interest for purposes of
subsection (1) of this section. The rules may not define direct
or indirect interest in a manner that includes the interest of an
investor who has no right to manage a business, including but not
limited to, the interest of:
  ' (a) A person who is solely a minority shareholder in a
corporation;
  ' (b) A member of a manager-managed limited liability company;
or
  ' (c) A limited partner in a limited partnership who does not
participate in the control of the business of the limited
partnership.'.
  In line 18, delete '(3)' and insert '(4)' and after ' if'
insert 'a total of' and delete 'against'.
  In line 19, delete 'the contractor' and after 'period ' insert
'against the contractor or a former licensed construction company
in which the contractor held at least a 10 percent ownership
interest, measured as determined by board rule'.
                         ----------