ORS 273.388¹
Acquisition of Space Age Industrial Park by Department of State Lands

(1) The Department of State Lands may acquire at fair market value and manage any or all of the Space Age Industrial Park:

(a) If the lessee thereof relinquishes all rights to any or all lands in the park under lease; and

(b) If a reasonable management plan can be prepared and implemented by the Department of State Lands, as approved by the legislative review agency defined in ORS 291.371 (Salary plan review by legislative review agency).

(2) The Director of the Oregon Department of Administrative Services shall transfer title to any lands acquired by the Department of State Lands under subsection (1) of this section to the Department of State Lands effective on the date of acquisition.

(3) Any moneys paid by the Department of State Lands under subsection (1) of this section shall be paid to the State Treasury to the credit of the General Fund. [1983 c.677 §1; 1991 c.441 §4]

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. Currency Information