Oregon Administrative Rules
Chapter 629 - DEPARTMENT OF FORESTRY
Division 33 - STATE FOREST LAND ACQUISITIONS AND EXCHANGES
Section 629-033-0035 - Monetary Consideration in Exchanges
Universal Citation: OR Admin Rules 629-033-0035
Current through Register Vol. 63, No. 9, September 1, 2024
The Department may consider the receipt of land, monetary consideration, or other assets to equalize values of the parcels being exchanged. The Department must, however, receive approval in concept from the Board of Forestry when the proposed monetary payment exceeds ten percent of the value of the parcel(s) being acquired. In no event shall monetary compensation exceed 25 percent of the appraised value of the acquired property, unless the Board finds extraordinary circumstances exist that necessitate the exchange.
Stat. Auth.: ORS 526.016(4) & ORS 526.041
Stats. Implemented: ORS 530.010 & ORS 530.040
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