(1) The Department of State Lands may acquire at fair market value and manage any or all of the Space Age Industrial Park:
(a) If the lessee thereof relinquishes all rights to any or all lands in the park under lease; and
(b) If a reasonable management plan can be prepared and implemented by the Department of State Lands, as approved by the legislative review agency defined in ORS 291.371.
(2) The Director of the Oregon Department of Administrative Services shall transfer title to any lands acquired by the Department of State Lands under subsection (1) of this section to the Department of State Lands effective on the date of acquisition.
(3) Any moneys paid by the Department of State Lands under subsection (1) of this section shall be paid to the State Treasury to the credit of the General Fund. [1983 c.677 §1; 1991 c.441 §4]
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