(2) The property acquired under ORS 88.710 to 88.740 shall represent an investment of the Oregon War Veterans’ Bond Sinking Account and all moneys received by the department from the sale, lease or other disposition of any property shall be deposited in the Oregon War Veterans’ Bond Sinking Account.
(3) The department may pay to the State Treasurer, to be deposited in the General Fund available for general governmental expenses:
(a) An amount equal to the balance owing on any existing real estate contract arising out of the sale of property by the department which was an investment of the General Fund pursuant to ORS 88.710 to 88.740, and upon such payment the interest represented by the real estate contract shall represent an investment of the Oregon War Veterans’ Bond Sinking Account.
(b) An amount equal to the General Fund moneys expended for the acquisition of presently unsold properties pursuant to ORS 88.710 to 88.740, and upon such payment the properties shall represent an investment of the Oregon War Veterans’ Bond Sinking Account. [1967 c.211 §8 (enacted in lieu of 88.730); 1987 c.652 §16; 2005 c.625 §69; 2019 c.223 §18]
Structure 2021 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 088 - Foreclosure of Mortgages and Other Liens
Section 88.060 - Enforcement of judgment.
Section 88.103 - Sale of real property after mortgage foreclosure.
Section 88.120 - When foreclosure not barred by ORS 88.110.
Section 88.740 - Investment of surplus moneys in Oregon War Veterans’ Bond Sinking Account.