(1) A refund is not available under ORS 273.356 to 273.375 to any grantee who received from the State Land Board a refund or other settlement with respect to such lands before June 19, 1967, or who may be holding title originally procured or subsequently conveyed by false swearing or fraudulent representation.
(2) Each refund under ORS 273.360 shall be paid to the grantee out of the revenues of the Common School Fund.