(1) In compliance with the applicable provisions of ORS chapter 286A, the State Board of Forestry may request the State Treasurer to issue the revenue bonds described in ORS 530.140 in exchange for lands selected by it in accordance with ORS 530.010 and to sell such bonds in such manner as the State Treasurer deems advisable. Should the bonds be sold, the proceeds shall be paid into the State Treasury and credited to the State Forestry Department Account and shall be expended only by warrant of the Oregon Department of Administrative Services in the payment of vouchers bearing the approval of the board in the purchase of lands, as provided in ORS 530.010.
(2) Lands proposed to be taken in exchange for bonds shall first be appraised by the board and the appraisal approved by the Department of State Lands. [Amended by 1957 c.83 §15; 1959 c.209 §1; 1975 c.614 §17; 1981 c.660 §43; 2007 c.783 §213]
Section: Previous 530.075 530.080 530.090 530.100 530.110 530.115 530.120 530.130 530.140 530.150 530.160 530.170 530.210 530.220 530.230 NextLast modified: August 7, 2008