Terms Used In Oregon Statutes > Chapter 371 - Road Districts and Road Assessment Plans

• Appraisal: A determination of property value.
• Board: means the State Land Board. See Oregon Statutes 273.006
• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• county court: includes board of county commissioners. See Oregon Statutes 371.005
• Department: means the Department of State Lands. See Oregon Statutes 273.006
• Director: means the Director of the Department of State Lands. See Oregon Statutes 273.006
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Land: includes water, water rights, easements of every nature and all appurtenances to land. See Oregon Statutes 273.006
• Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
• Material: includes gravel, rock, sand and silt, but does not include hard minerals subject to ORS § 274. See Oregon Statutes 273.006
• Public land: means any land or improvements thereon owned by the State of Oregon or any agency thereof. See Oregon Statutes 273.006
• State land: means public land controlled by the Department of State Lands. See Oregon Statutes 273.006
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}