In addition to other rulemaking authority of the Director of the Department of Consumer and Business Services, the director may make rules:
(1) Stating the necessary attributes that a construction project of a project sponsor and the participants in the project must have in order to qualify for the grouping permitted under ORS 737.602. The rules may include but are not limited to matters regarding an appropriate trust agreement for special deposit and adjustment of the construction project value according to an appropriate cost index; and(2) Establishing a process for a state agency or local contract review board created under ORS 279A.060 to evaluate the purchase by a public body of insurance authorized by ORS 737.602, or any agreements related thereto.1995 c.169 §3; 2003 c. 794, § 327 737.604 was added to and made a part of the Insurance Code by legislative action but was not added to ORS chapter 737 or any series therein. See Preface to Oregon Revised Statutes for further explanation.