Oregon Statutes 273.780 – Retention of mineral and geothermal resource rights by state; exploration permit or lease; sale or exchange
(1) Mineral and geothermal resource rights in real property owned by any state agency and mineral and geothermal resource rights retained as an interest in lands previously sold, granted or otherwise conveyed by the state or any agency thereof are property of the State of Oregon. Except as provided in ORS § 273.785 and 273.787, proceeds therefrom shall accrue to the Common School Fund, and the State Land Board is declared to be the state agency acting for the state in any transaction respecting such mineral and geothermal resource rights.
Terms Used In Oregon Statutes 273.780
- 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
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State land: means public land controlled by the Department of State Lands. See Oregon Statutes 273.006
(2) In addition to applicable requirements of ORS Chapter 522, such mineral and geothermal resource rights shall be subject to exploration permit or lease by the Department of State Lands, in accordance with rules and conditions established by law or adopted by the department.
(3) Except as provided in ORS § 273.787, the mineral and geothermal resource rights shall be retained by the state in the absence of a finding by the State Land Board upon adequate facts presented to it that their sale or exchange is for the purpose of obtaining the greatest benefit for the people of this state, consistent with the conservation of lands under its jurisdiction under sound techniques of land management. [1974 c.51 § 2; 1975 c.552 § 40; 2005 c.60 § 2; 2013 c.256 § 1]