Or. Admin. Code § 736-019-0040

Current through Register Vol. 64, No. 1, January 1, 2025

Section 736-019-0040 - Policy

The Department shall use sound principles of real estate acquisition when acquiring or exchanging real property, comply with all federal and state laws pertaining to real property acquisition, and ensure the prudent use of public monies in its real property transactions. The Department aspires to:

(1) Ensure that the discharge of its fiduciary responsibility for the use of public funds receives the highest priority.

(2) Seek to preserve the public's confidence in our business practices and stewardship of real estate assets.

(3) Conduct real estate transactions in an atmosphere of openness, honesty and integrity with land owners and the public, and maintain the confidentiality of such transactions to the extent allowed by law when it serves the public interest or to avoid harm to private citizens' interests.

(4) Balance the need for and benefits of public open space with impacts on local tax revenue and private economic opportunity.

Or. Admin. Code § 736-019-0040

PRD 11-2004, f. & cert. ef. 9-15-04; PRD 3-2011, f. & cert. ef. 3-30-11

Stat. Auth.: ORS 390.121 & 390.124

Stats. Implemented: ORS 390.112 & 390.121