2007 ORS 273.105¹
Distributable Income Account

(1) The Distributable Income Account is established within the Common School Fund. The Department of State Lands shall administer this account in accordance with section 4, Article VIII, Oregon Constitution, and applicable laws.

(2) The following moneys in the Common School Fund shall be credited to the Distributable Income Account:

(a) Moneys received under ORS 390.715 (Permits for pipe, cable or conduit across ocean shore, state recreation areas and submerged lands) and 390.725 (Permits for removal of products along ocean shore) after deducting the administrative costs of the State Parks and Recreation Department.

(b) So much of the income derived from the investment of the Common School Fund as the State Land Board deems appropriate after payment of the expenses of the State Land Board authorized to be paid under section 2 (2), Article VIII of the Oregon Constitution.

(c) The income derived from unclaimed property held by the Director of the Department of State Lands or deposited in the Common School Fund.

(d) Other moneys received by the Department of State Lands that are required by law to be credited to the Distributable Income Account.

(3) All other moneys received by the Department of State Lands shall be credited to the Common School Fund.

(4) The moneys in the Distributable Income Account are appropriated continuously for apportionment according to ORS 327.410 (Apportionment of Distributable Income Account of Common School Fund among counties). [1967 c.421 §21; 1969 c.338 §1; 1969 c.601 §29; 1977 c.344 §1; 1987 c.760 §2; 1991 c.348 §1; 1995 c.205 §1; 2003 c.253 §16; 2005 c.296 §1]

Atty. Gen. Opinions

The value and limit of the state's wa­ter-oriented land resources to the Common School Fund and the public, (1972) Vol 36, p 150; credit of Tongue Point leasing revenues to Distributable Income Account, (1981) Vol. 42, p 105

Chapter 273

Atty. Gen. Opinions

Require­ments of competitive bidding on prop­erty valued over $1,000, (1975) Vol 37, p 773; authority of State Land Board to enter into nonprofit wa­ter supply corpora­tion, (1978) Vol 38, p 2199

Law Review Cita­tions

4 EL 343, 344 (1984)

1 Legislative Counsel Committee, CHAPTER 273—State Lands Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­273.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 273, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­273ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.