Chapter 454 — Sewage Treatment and Disposal Systems
ORS 454.710 Deposit in lieu of bond
In lieu of the surety bond required by ORS 454.705, an applicant for a license required by ORS 454.695 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.
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2025 Oregon Revised Statutes — official online source
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2025 Oregon Revised Statutes — official online source