ORS 530.061
Surety deposit required of successful purchaser

The State Forester may require the successful purchaser at a forest products sale to provide a surety bond, cash deposit, assignment of surety, irrevocable letters of credit or other securities as determined acceptable by the State Forester for the purpose of securing performance by the purchaser. The required amount of a bond, deposit, assignment, letter of credit or other security may not be more than $500,000. Claims by any person against the bond, deposit, assignment, letter of credit or other security shall be made to the State Forester for determination. If the claim is disputed, the State Forester may request settlement of the claim through compromise or mediation or require that the claim be litigated. Unless there is a claim awaiting determination, the State Forester shall return any unexpended amount from the bond, deposit, assignment, letter of credit or other security no later than 180 days after the earlier of the completion of operations under the sales contract or the termination date in the sales contract. [2014 c.47 §2]

Source: Section 530.061 — Surety deposit required of successful purchaser, https://www.­oregonlegislature.­gov/bills_laws/ors/ors530.­html (accessed May 26, 2025).

530.005
Definitions for ORS 530.010 to 530.170 and 530.210 to 530.280 530.010
State Board of Forestry authorized to acquire lands 530.020
Title to acquired lands 530.025
Interests in acquired lands 530.030
Conveyance of county lands to state 530.040
Exchange of forestland or timber 530.050
Management of lands acquired 530.053
Holiday recreational use 530.055
Leasing lands acquired 530.059
Procedure for sales of forest products 530.061
Surety deposit required of successful purchaser 530.065
Modifying timber sale contracts 530.075
Validation of state acquisition of county land 530.110
Distribution of revenues from lands acquired under ORS 530.010 to 530.040 530.115
Disposition of certain moneys described in ORS 530.110 530.120
Account of receipts from lands acquired 530.130
Issuance of revenue bonds to acquire lands 530.140
Forest development revenue bonds 530.143
Revenue bond refunding 530.147
Forest Development Revenue Bond Fund 530.170
Disposition of revenues from lands acquired under former statute 530.175
Forest Acquisition County Reimbursement Fund 530.181
State Forest Acquisition Fund 530.210
Definitions for ORS 530.210 to 530.280 530.220
Oregon Forest Rehabilitation Act 530.230
Issuance of general obligation bonds 530.240
Use of proceeds from general obligation bonds 530.250
State Forester to rehabilitate state forestlands 530.255
Hardwood species for reforestation 530.280
State Forestry General Obligation Bond Fund 530.450
Withdrawal from sale of Elliott State Forest 530.460
Lands suited for growing forest products to be designated Common School Forest Lands and withdrawn from sale 530.470
Determination of lands to be designated Common School Forest Lands 530.480
Legal descriptions of lands 530.490
Management, control and protection of Common School Forest Lands and Elliott State Forest 530.500
Authority of State Forester in management, protection, utilization and conservation of lands and waters 530.510
Exchanges of land 530.520
Use of receipts 530.600
Definitions for ORS 530.600 to 530.628 530.602
Findings 530.604
Community forest authorities 530.606
Creation of authority 530.608
Board of directors of authority 530.610
Levy of taxes prohibited 530.612
Powers of authority 530.614
Authorization to issue bonds or other obligations 530.616
Authorization to borrow moneys or to issue, sell and assume bond anticipation notes 530.618
Effect of bonds or other obligations on municipality 530.620
Loan repayment 530.622
Authorities may act jointly 530.624
Assets and income of authority exempt from taxation 530.626
Earnings in excess of amounts required for authority 530.628
Application of laws to authority and to issuance of bonds 530.990
Penalties for forest management violations

Current through early 2026

§ 530.061. Surety deposit required of successful purchaser's source at oregon​.gov