ORS 273.464¹
Trust lands with limited performance potential as assets of Common School Fund
  • identification
  • procedures for transfer
  • rules

(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 (Notice to department before sale of real property), 270.110 (Disposition of property not needed for public use), 270.130 (Publication of notice of sale) and 273.275 (Price of state lands) 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 (Definitions) to 273.464 (Trust lands with limited performance potential as assets of Common School Fund).

(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. [2017 c.693 §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/­ors273.­html (2019) (last ac­cessed May 16, 2020).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 273, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano273.­html (2019) (last ac­cessed May 16, 2020).
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