Kulongoski signs new laws

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Gov. Ted Kulongoski on Wednesday signed into law a series of bills from the 2010 legislative session.

Below is the list and brief summary of bills affecting business.

HB 3609 — Allows the sponsor of an enterprise zone to relax minimum employment requirements and to extend eligible period of property tax exemption of qualified property up to two additional years.

HB 3610 — Not later than five days before residential foreclosure, a trustee must file for recording the affidavit of compliance. Requires a lender to provide the borrower with explanation of how the lender calculated that borrower is not eligible for loan modification.

HB 3651 — Extends prevailing wage rate law to public works projects involving the construction or installation of solar energy systems on premises, structures, or buildings owned by a public body.

HB 3654 — Allows the director of Department of Consumer and Business Services to waive requirements, upon request of a mortgage insurer, regarding the ratio of aggregate insurance policies covering obligations.

HB 3656 — Provides that interest in real property covered by trust deed is terminated and foreclosed as to the person given notice of trustee’s sale.

HB 3659 — Establishes the Temporary High Risk Pool Program and program fund. Specifies that program is to be administered by the Oregon Medical Insurance Pool Board.

HB 3693 — Authorizes sale of diesel fuel that otherwise meets requirements of state’s biodiesel fuel standards but to which substances have been added to prevent congealing or gelling of biodiesel fuel.

HB 3695 — Eliminates the requirement that a scrap metal business be licensed to do business in the state to comply with the metal theft law.