ORS 530.130¹
Bonds may be issued and sold in exchange for lands

(1) In compliance with the applicable provisions of ORS chapter 286A, the State Board of Forestry may request the State Treasurer to issue the revenue bonds described in ORS 530.140 (Forest development revenue bonds) in exchange for lands selected by it in accordance with ORS 530.010 (State Board of Forestry authorized to acquire lands) and to sell such bonds in such manner as the State Treasurer deems advisable. Should the bonds be sold, the proceeds shall be paid into the State Treasury and credited to the State Forestry Department Account and shall be expended only by warrant of the Oregon Department of Administrative Services in the payment of vouchers bearing the approval of the board in the purchase of lands, as provided in ORS 530.010 (State Board of Forestry authorized to acquire lands).

(2) Lands proposed to be taken in exchange for bonds shall first be appraised by the board and the appraisal approved by the Department of State Lands. [Amended by 1957 c.83 §15; 1959 c.209 §1; 1975 c.614 §17; 1981 c.660 §43; 2007 c.783 §213]

Notes of Decisions

Where county transferred forest land that it could have kept and administered for its own benefit to state "in considera­tion of the pay­ment to the county of the percentage of revenue derived from such lands," county is entitled to enforce that claim and state cannot avoid its obliga­tion to county by conveying the prop­erty to third per­son. Tillamook Co. v. State Board of Forestry, 302 Or 404, 730 P2d 1214 (1986)

1 Legislative Counsel Committee, CHAPTER 530—State Forests; Community Forests, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors530.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 530, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­530ano.­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