Oregon Code § ORS 571.474

Fidelity bond; conditions on bond; payment of cost of bond
Open in Lexace · Ask the AI about this section
(1) A person authorized by the Oregon Hemp Commission to receive or disburse moneys under ORS 571.400 to 571.501 shall obtain a fidelity bond from the Oregon Department of Administrative Services.
(2) The bond must be in an amount equal to the maximum amount of moneys that the commission determines the person may control. The commission may establish conditions on the persons control of moneys under this section.
(3) The commission shall pay the cost of the bond.
(4) If the person is an employee of the commission, the department shall purchase the bond and the commission shall pay the cost of the bond.
Note: See note under 571.400.

‹ Prev All Oregon sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.