Oregon Statutes 273.463 – Policy
Current as of: 2023 | Check for updates
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It shall be the policy of the State of Oregon to:
Terms Used In Oregon Statutes 273.463
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the State Land Board. See Oregon Statutes 273.006
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Land: includes water, water rights, easements of every nature and all appurtenances to land. See Oregon Statutes 273.006
- State land: means public land controlled by the Department of State Lands. See Oregon Statutes 273.006
(1) Identify, as appropriate, trust lands under the jurisdiction of the State Land Board that, due to management or regulatory impediments, have limited performance potential as assets of the Common School Fund; and
(2) Transfer the identified trust lands to state agencies, federal agencies or tribes that are better positioned than the State Land Board to manage the lands to provide public benefits associated with the public ownership of the identified trust lands. [2017 c.693 § 3]