Relating to disclosures of contents of proposals for public contracts received by state benefit boards; declaring an emergency.

Permits Public Employees' Benefit Board and Oregon Educators Benefit Board to receive proposals from prospective contractors and open proposals without disclosing contents of proposals to competing prospective contractors. Requires each board to record and make available identities of proposers in public record. Provides that board may choose not to disclose contents of proposal until after board issues notice of intent to award contract. Requires board to disclose contents of proposal after issuing notice of intent to award contract. Provides that board may withhold from disclosure contents of proposal that are exempt or conditionally exempt from disclosure. Becomes operative 91 days after effective date of Act. Declares emergency, effective on passage.