Sewage Treatment and Disposal Systems

ORS 454.710
Deposit in lieu of bond

In lieu of the surety bond required by ORS 454.705 (Bond), an applicant for a license required by ORS 454.695 (License required to perform sewage disposal services) may deposit, under the same terms and conditions as when a bond is filed, the equivalent value in cash or negotiable securities of a character approved by the State Treasurer. The deposit is to be made in a bank or trust company for the benefit of the Department of Environmental Quality. Interest on deposited funds or securities shall accrue to the depositor. [1981 c.148 §2]
Source

Last accessed
Mar. 11, 2023

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