If any property owned by the state is held as an asset of any special trust fund securing the payment of bonds, it may be exchanged, under the authority granted in ORS 270.110, for other property of equal or superior value, and property so received in exchange shall be an asset of the fund in lieu of the property previously held.
ORS 273.416
Applied in 1 court decision — leading case Or. Trucking Ass'ns, Inc. v. Dep't of Transp. (2019)
Most recently applied in Or. Trucking Ass'ns, Inc. v. Dep't of Transp. (January 2019)
1981 c.787 §11; 1991 c.816 §14
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.