Oregon Administrative Rules
Chapter 141 - DEPARTMENT OF STATE LANDS
Division 15 - PROCEDURES GOVERNING DEFAULTS ON COMMON SCHOOL
Section 141-015-0030 - Request to Bid by Purchaser - Appeal

Universal Citation: OR Admin Rules 141-015-0030
Current through Register Vol. 63, No. 9, September 1, 2024

If a purchaser in default wishes to bid on future contracts, it shall so notify the Forester in writing. The Forester shall, within 30 days of receipt of the notice, estimate the damages and expense that will be incurred by the state as a result of the default. The estimate shall be sent by certified mail to the purchaser. If the purchaser posts a bond in an amount sufficient to cover the estimated damages and expense or places in an escrow account cash or marketable securities readily convertible into cash in an amount sufficient to cover the estimated damages and expense or a combination of such bond, cash and securities in the required amount, the Forester shall grant permission to the purchaser to bid on contracts other than the contract in dispute. The terms of the escrow agreement shall be satisfactory to the State Forester.

Stat. Auth.: ORS 273

Stats. Implemented: ORS 273.521

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