Oregon § 273.464 Trust lands with limited performance potential as assets of Common School Fund; identification; procedures for transfer; rules

Oregon Statutes

§ 273.464 — Trust lands with limited performance potential as assets of Common School Fund; identification; procedures for transfer; rules

Oregon § 273.464

Vol.7

Title 25Public Lands

Ch. 273State Lands Generally

This text of Oregon § 273.464 (Trust lands with limited performance potential as assets of Common School Fund; identification; procedures for transfer; rules) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 273.464 (2026).

Text

(1)The State Land Board may identify tracts of trust lands under the board’s jurisdiction that have limited performance potential as assets of the Common School Fund and submit to the Legislative Assembly proposals to transfer the identified tracts of trust lands to another state agency, a federal agency or a tribe.

(2)The state agency, federal agency or tribe to which identified tracts of trust lands are to be transferred may be identified by the board in the proposal authorized under subsection (1) of this section, or may be designated by the Legislative Assembly.

(3)A proposal submitted to the Legislative Assembly under this section must include an independent, third-party valuation of the property to be transferred.

(4)If the Legislative Assembly approves a transfer proposal submit

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The State Land Board may identify tracts of trust lands under the board’s jurisdiction that have limited performance potential as assets of the Common School Fund and submit to the Legislative Assembly proposals to transfer the identified tracts of trust lands to another state agency, a federal agency or a tribe.
(2) The state agency, federal agency or tribe to which identified tracts of trust lands are to be transferred may be identified by the board in the proposal authorized under subsection (1) of this section, or may be designated by the Legislative Assembly.
(3) A proposal submitted to the Legislative Assembly under this section must include an independent, third-party valuation of the property to be transferred.
(4) If the Legislative Assembly approves a transfer proposal submitted under subsection (1) of this section and appropriates funds for that purpose, or otherwise approves a financing mechanism sufficient to accomplish the transfer, the board, by and through the Department of State Lands, shall transfer lands in a manner consistent with the board’s trust responsibilities.
(5) The provisions of ORS 270.100, 270.110, 270.130 and 273.275 do not apply to the transfer of trust lands under this section.
(6) The board may adopt rules to carry out the provisions of ORS 273.462 to 273.464.
(7) Nothing in this section shall be construed to affect the ability of the board or the department to dispose of trust lands in any manner otherwise provided for by law.