ORS 530.240¹
Use of proceeds from general obligation bonds

The net proceeds, after payment of bond-related costs, arising from the sale of each issue of bonds under ORS 530.210 (Definitions for ORS 530.210 to 530.280) to 530.280 (State Forestry General Obligation Bond Fund) shall be paid into the State Treasury and credited to the State Forestry Department Account and shall be used exclusively for the rehabilitation, reforestation, management and development of state-owned forestlands and the acquisition of lands for said purposes. Moneys acquired under ORS 530.230 (Issuance of general obligation bonds) shall be in addition to and not in lieu of moneys regularly appropriated or otherwise made available to the State Board of Forestry for the administration, management and protection of state forestlands. The State Forestry Department may establish one or more subaccounts, as the department determines are desirable for administration of the net proceeds arising from the sale of each issue of bonds, in the State Forestry Department Account. [Amended by 1957 c.83 §20; 2009 c.831 §15]

Atty. Gen. Opinions

Loans from bond sales or other obliga­tions for rehabilita­tion and reforesting privately owned lands, (1974) Vol 36, p 767

Law Review Cita­tions

22 EL 797 (1992)

Chapter 530

Law Review Cita­tions

42 EL 1275 (2012)

1 Legislative Counsel Committee, CHAPTER 530—State Forests; Community Forests, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors530.­html (2019) (last ac­cessed May 16, 2020).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 530, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano530.­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