74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
 
                            Enrolled
 
                         House Bill 2309
 
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of House Interim Committee on
  Judiciary for Methamphetamine Task Force)
 
 
                     CHAPTER ................
 
 
                             AN ACT
 
 
Relating to construction contractors.
 
Be It Enacted by the People of the State of Oregon:
 
  SECTION 1.  { + Section 2 of this 2007 Act is added to and made
a part of ORS chapter 701. + }
  SECTION 2.  { + (1) As used in this section:
  (a) 'Illegal drug manufacturing site' has the meaning given
that term in ORS 453.858.
  (b) 'Nonprofit organization' means an organization or group of
organizations described in section 501(c)(3) of the Internal
Revenue Code that is exempt from income tax under section 501(a)
of the Internal Revenue Code.
  (2) The Construction Contractors Board shall adopt rules
prescribing terms and conditions under which a general or
specialty contractor that is a nonprofit organization engaged in
rehabilitating an illegal drug manufacturing site may substitute
a letter of credit from a bank authorized to do business in this
state, or substitute a cash deposit, for a bond required under
ORS 701.085. A letter of credit or cash deposit described in this
section substitutes for a bond only for purposes of work the
contractor performs on an illegal drug manufacturing site. The
letter of credit or cash deposit must be equivalent in amount to
the bond that would otherwise be required of the contractor under
ORS 701.085.
  (3) The board may charge a contractor a fee to cover any
expense incurred by the board in allowing the contractor to
substitute a letter of credit or cash deposit under this section.
  (4) A contractor that supplies a letter of credit or cash
deposit under this section is considered to be bonded under ORS
701.085 for purposes of performing rehabilitation work on illegal
drug manufacturing sites. A letter of credit or cash deposit that
a contractor supplies under this section is considered to be a
surety bond issued under ORS 701.085 for purposes of claims
involving the contractor's rehabilitation work on illegal drug
manufacturing sites. The issuer of a letter of credit described
in this section is considered to be a surety for a bond only for
purposes of receiving notice under ORS 701.085 or 701.146. + }
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Enrolled House Bill 2309 (HB 2309-INTRO)                   Page 1
 
 
 
 
 
Passed by House February 15, 2007
 
 
      ...........................................................
                                             Chief Clerk of House
 
      ...........................................................
                                                 Speaker of House
 
Passed by Senate May 8, 2007
 
 
      ...........................................................
                                              President of Senate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled House Bill 2309 (HB 2309-INTRO)                   Page 2
 
 
 
 
 
Received by Governor:
 
......M.,............., 2007
 
Approved:
 
......M.,............., 2007
 
 
      ...........................................................
                                                         Governor
 
Filed in Office of Secretary of State:
 
......M.,............., 2007
 
 
      ...........................................................
                                               Secretary of State
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled House Bill 2309 (HB 2309-INTRO)                   Page 3