Oregon Revised Statutes

Or. Rev. Stat. § 530.240 (2026)

Use of proceeds from general obligation bonds

✓ current as of May 2026

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530.240 Use of proceeds from general obligation bonds. The net proceeds, after payment of bond-related costs, arising from the sale of each issue of bonds under ORS 530.210 to 530.280 shall be paid into the State Treasury and credited to the State Forestry Department Account and shall be used exclusively for the rehabilitation, reforestation, management and development of state-owned forestlands and the acquisition of lands for said purposes. Moneys acquired under ORS 530.230 shall be in addition to and not in lieu of moneys regularly appropriated or otherwise made available to the State Board of Forestry for the administration, management and protection of state forestlands. The State Forestry Department may establish one or more subaccounts, as the department determines are desirable for administration of the net proceeds arising from the sale of each issue of bonds, in the State Forestry Department Account. [Amended by 1957 c.83 §20; 2009 c.831 §15]

Notes of Decisions

Cited in 1 case, 1986–1986 · leading case: Tillamook Cnty. v. State Ex Rel. State Bd. of Forestry, 730 P.2d 1214 (Or. 1986).

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Tillamook Cnty. v. State Ex Rel. State Bd. of Forestry, 730 P.2d 1214 (Or. 1986). “290; and “(b) All moneys derived from the sale, exchange or use of land acquired pursuant to ORS 530.240; and “(c) Except as provided in ORS 530.”

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