(1) The State Board of Education may manage, develop or dispose of property acquired under ORS 326.520 in any manner deemed by the board to be in the public interest. The board may contract with any person regarding such management, development or disposition.
(2) The board may determine the terms and conditions of any transaction authorized by ORS 326.520 to 326.540 and need not require competitive bids in connection therewith. No formal publicity or advertising is required regarding property for the development of which the board wishes to contract, but the board shall make reasonable efforts to disseminate pertinent information in appropriate research and industrial circles.
(3) If the board deems it inadvisable to proceed with the development or management of property acquired under ORS 326.520, it may reassign such property to the person from whom it was acquired upon being compensated for any expenditure made on account of such property. [Formerly 326.104]
Structure 2021 Oregon Revised Statutes
Volume : 09 - Education and Culture
Chapter 326 - State Administration of Education
Section 326.021 - State Board of Education membership.
Section 326.041 - Meetings; election and term of chairperson; compensation and expenses.
Section 326.051 - Board functions; rules.
Section 326.111 - Department of Education; composition; functions.
Section 326.113 - Employee transfer of unused sick leave.
Section 326.125 - Office of School Facilities; rules.
Section 326.300 - Governor as Superintendent of Public Instruction; appointment of deputy.
Section 326.310 - Superintendent’s educational duties.
Section 326.320 - Fees for supplies and publications provided by department.
Section 326.340 - Disposition of conference fees by superintendent; disbursement of fees.
Section 326.425 - Early Learning Council; purposes; members; rules.
Section 326.430 - Early Learning Division; Early Learning System Director.
Section 326.432 - Early Learning System Director.
Section 326.435 - Early Learning Division Fund.
Section 326.500 - STEM Investment Council; purpose; council director; annual report.
Section 326.520 - Acquisition of intellectual property by board.
Section 326.530 - Management, development and disposition of intellectual property.
Section 326.540 - Revenue from intellectual property; Board of Education Invention Fund; purpose.
Section 326.543 - Adverse possession.
Section 326.545 - Provision of menstrual products in student bathrooms; rules.
Section 326.547 - Public education facility information database.
Section 326.549 - School facilities advisory group.
Section 326.552 - Interstate Compact on Educational Opportunity for Military Children; rules.
Section 326.553 - Annual assessment.
Section 326.565 - Standards for student records; rules.
Section 326.580 - Electronic student records; rules.
Section 326.695 - Definitions for ORS 326.700 and 326.712.
Section 326.726 - Dyslexia specialist; training requirements; screening requirements; rules.