ORS 465.430: Legislative findings.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1)(a) The Legislative Assembly finds that existing federal and state law related to liability of a security interest holder for environmental contamination is unclear, and that such lack of clarity has created uncertainty on the part of security interest holders as to whether security interest holders are liable for environmental contamination caused by their borrowers or other third parties. (b) The Legislative Assembly therefore declares that clarification regarding such potential liability in a manner consistent with federal statutes and regulations is desirable in order to provide certainty for security interest holders and to encourage responsible practices by security interest holders and borrowers to protect the public health and the environment. (2)(a) The Legislative Assembly also finds that uncertainty exists in state law as to potential liability of certain fiduciaries for environmental contamination at property held in their fiduciary capacity. (b) The Legislative Assembly therefore declares that it is in the public interest to provide an exemption from such potential liability in certain circumstances. [1991 c.680 §3]
Administrative rules citing this section
- OAR 340-122-0030: Scope and Applicability — implements
- OAR 340-122-0040: Standards — implements
- OAR 340-122-0205: Cleanup Rules for Leaking Petroleum UST Systems: Purpose — implements
- OAR 340-122-0210: Cleanup Rules for Leaking Petroleum UST Systems: Definitions — implements
- OAR 340-122-0215: Cleanup Rules for Leaking Petroleum UST Systems: Scope and Applicability — implements
- OAR 340-122-0217: Cleanup Rules for Leaking Petroleum UST Systems: Requirements and Remediation Options — implements
- OAR 340-122-0218: Cleanup Rules for Leaking Petroleum UST Systems: Sampling and Analysis — implements
- OAR 340-122-0220: Cleanup Rules for Leaking Petroleum UST Systems: Initial Response — implements
- OAR 340-122-0225: Cleanup Rules for Leaking Petroleum UST Systems: Initial Abatement Measures and Site Check — implements
- OAR 340-122-0230: Cleanup Rules for Leaking Petroleum UST Systems: Initial Site Characterization — implements
- OAR 340-122-0235: Cleanup Rules for Leaking Petroleum UST Systems: Free Product Removal — implements
- OAR 340-122-0240: Cleanup Rules for Leaking Petroleum UST Systems: Investigation for Magnitude and Extent of Contamination — implements
- OAR 340-122-0243: Cleanup Rules for Leaking Petroleum UST Systems: Low-Impact Sites — implements
- OAR 340-122-0244: Cleanup Rules for Leaking Petroleum UST Systems: Risk-Based Concentrations — implements
- OAR 340-122-0250: Cleanup Rules for Leaking Petroleum UST Systems: Corrective Action Plan — implements
- OAR 340-122-0252: Cleanup Rules for Leaking Petroleum UST Systems: Generic Remedies — implements
- OAR 340-122-0260: Cleanup Rules for Leaking Petroleum UST Systems: Public Participation — implements
- OAR 340-122-0320: Cleanup Rules for Leaking Petroleum UST Systems: Soil Matrix Cleanup Options — implements
- OAR 340-122-0325: Cleanup Rules for Leaking Petroleum UST Systems: Evaluation of Matrix Cleanup Level — implements
- OAR 340-122-0330: Cleanup Rules for Leaking Petroleum UST Systems: Evaluation Parameters — implements
- OAR 340-122-0335: Cleanup Rules for Leaking Petroleum UST Systems: Numeric Soil Cleanup Standards — implements
- OAR 340-122-0340: Cleanup Rules for Leaking Petroleum UST Systems: Sample Number and Location — implements
- OAR 340-122-0345: Cleanup Rules for Leaking Petroleum UST Systems: Sample Collection Methods — implements
- OAR 340-122-0355: Cleanup Rules for Leaking Petroleum UST Systems: Evaluation of Analytical Results — implements
- OAR 340-150-0008: Exemptions and Deferrals — authority
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors465.html