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ContactRespondent Dept Updated Priority Policy Policy No Recommendation <br />Paul Klope PWE 5/12/2009 Pri 3 Yes VII.B Support <br />This is a housekeeping bill to perform some very minor wordsmithing. The bill has no <br />Comments: <br />impact on the City. <br />HB 2955A <br />Relating to retainage in connection with public improvement contracts. <br />Relating Clause: <br />Permits contracting agency to accept certain instruments from contractor in lieu of moneys <br />Title: <br />held as retainage in connection with public improvement contracts and permits contractor <br />to accept similar instruments from subcontractor. <br />COMMITTEE ON BUSINESS AND LABOR <br />Sponsored By: <br />http://www.leg.state.or.us/09reg/measpdf/hb2900.dir/hb2955.a.pdf <br />URL: <br />ContactRespondent Dept Updated Priority Policy Policy No Recommendation <br />Mike Penwell <br />Mike Penwell CS-FAC 5/11/2009 Pri 3 Yes VIII.B Neutral <br />This amendment removes the two most objectionable instruments in lieu of retainage that were contained in the original bill: <br />Comments: <br />cd's/savings accounts and corporation bonds. It leaves in the addition of G.O. bonds and irrevocable letters of credit which <br />we can probably live with. So unless others reviewing this bill disagree, I think we can change our position from Oppose to <br />Neutral. <br />ContactRespondent Dept Updated Priority Policy Policy No Recommendation <br />Paul Klope PWE 5/12/2009 Pri 3 Yes VIII.B Neutral <br />I agree with Mike Penwell <br />Comments: <br />ContactRespondent Dept Updated Priority Policy Policy No Recommendation <br />Twylia Miller CS-FIN 5/18/2009 Pri 3 Yes VIII.B Neutral <br />Agree with Mike Penwell, with the removal of corporate bonds from the list of acceptable <br />Comments: <br />financial instruments was the key issue - okay with remaining instruments on the list. <br /> 8 <br /> <br />