Current through 2024 Regular Session legislation
Section 571.474 - Fidelity bond; conditions on bond; payment of cost of bond(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 person's 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.