(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.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Oregon Statutes 273.464

  • 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
  • Department: means the Department of State Lands. 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

(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, 270.110, 270.130 and 273.275 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 to 273.464.

(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]

 

[1973 c.755 § 5; repealed by 1981 c.787 § 58]

 

[Amended by 1967 c.421 § 26; renumbered 273.125]

 

[Amended by 1967 c.421 § 62; renumbered 273.311]

 

[1981 c.787 § 21; repealed by 1983 c.642 § 11]

 

[1981 c.787 22, 23; repealed by 1983 c.642 § 11]

 

[Amended by 1967 c.2 § 2; 1967 c.421 § 33; repealed by 1967 c.616 § 29]

 

[1981 c.787 § 24; repealed by 1983 c.642 § 11]

 

[1981 c.787 § 25; repealed by 1983 c.642 § 11]

 

PUBLIC ACCESS SITES

 

  Previous section
Next section  
 Trust Land Transfers Contents