Oregon Statutes 273.281 – Payment for state lands
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The Department of State Lands shall require applicants for the purchase of submersible lands to pay in full for such lands at the time of purchase. Applicants for the purchase of school, agricultural college, university, swamp or indemnity lands shall make payments at such times, and with such interest for deferred payments as the department may prescribe. However, the obligation may not be allowed to stand for a longer period than five years after the date of issuance of the certificate under ORS § 273.285. [Formerly 273.100; 1969 c.594 § 22]
Terms Used In Oregon Statutes 273.281
- Department: means the Department of State Lands. See Oregon Statutes 273.006
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.