State Lands Generally

ORS 273.105
Distributable Income Account

(1)

The Distributable Income Account is established within the Common School Fund. The Department of State Lands shall administer this account in accordance with Article VIII, section 4, Oregon Constitution, and applicable laws.

(2)

The following moneys in the Common School Fund shall be credited to the Distributable Income Account:

(a)

Moneys determined by the State Land Board to be available for apportionment according to ORS 327.410 (Apportionment of Distributable Income Account of Common School Fund among counties), after payment of the expenses of the State Land Board authorized to be paid under Article VIII, section 2 (2), of the Oregon Constitution.

(b)

Other moneys received by the Department of State Lands that are required by law to be credited to the Distributable Income Account.

(3)

All other moneys received by the Department of State Lands shall be credited to the Common School Fund.

(4)

The moneys in the Distributable Income Account are appropriated continuously for apportionment according to ORS 327.410 (Apportionment of Distributable Income Account of Common School Fund among counties). [1967 c.421 §21; 1969 c.338 §1; 1969 c.601 §29; 1977 c.344 §1; 1987 c.760 §2; 1991 c.348 §1; 1995 c.205 §1; 2003 c.253 §16; 2005 c.296 §1; 2013 c.358 §1]

Attorney General Opinions

The value and limit of the state’s water-oriented land resources to the Common School Fund and the public, (1972) Vol 36, p 150; credit of Tongue Point leasing revenues to Distributable Income Account, (1981) Vol. 42, p 105

Source

Last accessed
Mar. 11, 2023

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