ORS 271.335
Relinquishing reversionary interest held by political subdivision


Any political subdivision, by resolution adopted by the governing body of the political subdivision, may waive and relinquish any reversionary interest held by the political subdivision in property transferred under ORS 271.330 (Relinquishing title of property not needed for public use) when the transfer occurred:

(1)

Not less than 20 years prior to the date on which the resolution is adopted; or

(2)

Less than 20 years prior to the date on which the resolution is adopted, if the political subdivision determines that waiving and relinquishing its reversionary interest is in the public interest. [1999 c.366 §3; 2019 c.112 §2]

Source: Section 271.335 — Relinquishing reversionary interest held by political subdivision, https://www.­oregonlegislature.­gov/bills_laws/ors/ors271.­html.

271.005
Definitions for ORS 271.005 to 271.540
271.080
Vacation in incorporated cities
271.090
Filing of petition
271.100
Action by city governing body
271.110
Notice of hearing
271.120
Hearing
271.130
Vacation on city governing body’s own motion
271.140
Title to vacated areas
271.150
Vacation records to be filed
271.160
Vacations for purposes of rededication
271.170
Nature and operation of statutes
271.180
Vacations in municipalities included in port districts
271.190
Consent of owners of adjoining property
271.200
Petition
271.210
Hearing
271.220
Filing of objections
271.230
Records of vacations
271.300
Application and administration of ORS 271.300 to 271.360
271.310
Transfer or lease of real property owned or controlled by political subdivision
271.320
Exchange of trust fund assets
271.330
Relinquishing title of property not needed for public use
271.335
Relinquishing reversionary interest held by political subdivision
271.340
Property valuation in exchange to be equal
271.350
Determining valuation of property in exchanges
271.360
Lease requirements
271.375
Public grazing lands
271.380
Indemnifying political subdivision for loss or damage resulting from occupancy of its property
271.390
Lease or purchase of real estate by public body or council of governments
271.400
Conveyances by political subdivision to state
271.405
Transfer of property by city or town to county for public institutions and works
271.410
Use of municipal property for rodeos, games, racing and exhibitions
271.420
City bonds as payment for land sold by city
271.430
Lease of space above or below street or highway
271.440
Agreements for location of transmission lines on property of political subdivision
271.445
Installation of fiber-optic lines on public land and in public right of way
271.510
Definition of “industrial facility” for ORS 271.510 to 271.540
271.520
Declaration of legislative purpose
271.530
Powers of counties and cities to acquire and dispose of industrial facilities
271.540
County or city operation of industrial facility
271.600
Use of term “squaw”
271.715
Definitions for ORS 271.715 to 271.795
271.725
Acquisition and creation of conservation or highway scenic preservation easement
271.729
Report on effect of conservation or highway scenic preservation easement on property value
271.735
Hearing
271.745
Validity of conservation or highway scenic preservation easement
271.755
Action affecting conservation or highway scenic preservation easement
271.765
Applicability
271.775
Rules governing conservation and highway scenic preservation easements
271.785
Taxation of property subject to highway scenic preservation easement
271.795
Construction of Act
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