Or. Admin. Code § 125-045-0245

Current through Register Vol. 63, No. 10, October 1, 2024

Section 125-045-0245 - Department Approval

(1) Prior to any Terminal Disposition of a State Real Property Interest at or above the Appraised Fair Market Value, all Disposing Agencies, other than Exempt Disposing Agencies, as listed in 125-045-0205(14), must obtain the written consent of:

(a) The Administrator if the Appraised Fair Market Value is less than $1,000,000; or

(b) The Director if the Appraised Fair Market Value is $1,000,000 or more.

(2) Prior to any Terminal Disposition of a State Real Property Interest for less than the Appraised Fair Market Value, all Disposing Agencies, other than Exempt Disposing Agencies as listed in 125-045-0205(14), must obtain the written consent of the Administrator:

(3) Any Terminal Disposition of real property with an appraised fair market value exceeding $100,000, to other than another state agency, requires the invitation of public comment. The Disposing Agency, other than Exempt Disposing Agencies as listed in 125-045-0205(14), must consider all values of the property including value of fish and wildlife habitat and public access to other property according to ORS 270.105.

(4) Upon the sale, acquisition or exchange of any real property belonging to the state, the Disposing Agency must forward an electronic copy of the instrument that conveys the property to the Department of State Lands according to ORS 273.099, and provide the following information to the Division:

(a) The identity of the State Real Property Interest disposed of;

(b) The Appraised Fair Market Value of the Interest;

(c) The value received for the Interest; and

(d) Any other information requested by the Administrator.

Or. Admin. Code § 125-045-0245

DAS 4-2006, f. 5-12-06, cert. ef. 6-1-06; DAS 1-2016, f. & cert ef. 1/7/2016

Stat. Auth.: ORS 270.100(1)(d)

Stats. Implemented: ORS 270.100, 270.105, and 270.120(6)