(2) The proceeds of any real property sold by a state agency under ORS 270.100 and 270.110 may be credited to and deposited in the Trust for Cultural Development Account. If the proceeds are credited to and deposited in the account, a state agency may retain from the proceeds the costs of selling the real property and the amount originally paid by the state agency when the state agency acquired the real property.
(3) The revenue from the rental or lease of surplus real property managed by the department shall be deposited in the State Treasury to the credit of the operating fund established by ORS 283.076.
(4) Notwithstanding the provisions of subsection (1) or (2) of this section, an agency may negotiate with the department to apply the proceeds of a sale, transfer or lease of such surplus real property to another capital acquisition of that agency. [1991 c.816 §10; 2001 c.954 §29]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 270 - State Real Property
Section 270.005 - Definitions.
Section 270.015 - Effect of ORS 270.005 to 270.190; agency rules.
Section 270.105 - Procedures before terminal disposition of real property.
Section 270.110 - Disposition of property not needed for public use; lease approval by department.
Section 270.120 - Advisory committee; membership; officers; compensation and expenses; duties.
Section 270.140 - Action if no satisfactory proposal received; rules.