(1) Upon finding that an adjudicated youth placed in a youth correction facility is ready for release therefrom and that the adjudicated youth had best be returned to the parent or guardian of the adjudicated youth or to a suitable and desirable home or facility, the Director of the Oregon Youth Authority may, after advising the committing court, release the adjudicated youth on parole conditioned upon good behavior.
(2) At such time as the Director of the Oregon Youth Authority finds that final release is compatible with the safety of the community and the best interests of the adjudicated youth, with the consent of the committing court, the Director of the Oregon Youth Authority may make and issue a final order discharging the adjudicated youth.
(3) The Director of the Oregon Youth Authority may revoke a parole if the conditions of the parole have been violated or if the continuation of the adjudicated youth on parole would not be in the best interests of the adjudicated youth or the community. After the revocation of parole, the Director of the Oregon Youth Authority shall immediately advise the committing court thereof.