ORS 270.140: Action if no satisfactory proposal received; rules.

(1) If the provisions of ORS 270.100, 270.110 and 270.130 have been complied with as to property administered by it and no satisfactory proposal has been received, a state agency acting for the state in the sale of real property or an equitable interest in real property that the state owns may, beginning at any time no later than 18 months after completing the process of giving notice under ORS 270.130, offer for sale the real property or equitable interest in any manner that the state agency considers appropriate, including such commercially reasonable means as through a real estate licensee as set forth in ORS 696.007. (2) If efforts by a state agency to sell real property or an equitable interest pursuant to subsection (1) of this section have been discontinued for a period of 12 months or more, the state agency may not resume offering the real property or equitable interest for sale pursuant to subsection (1) of this section without first complying with the provisions of ORS 270.100, 270.110 and 270.130. (3) The Oregon Department of Administrative Services may adopt rules necessary to carry out the provisions of this section. [1991 c.816 §9; 2017 c.205 §1] Sec. 1. Conveyance of surplus Rose Quarter Project property to Albina Vision Trust. (1) Notwithstanding any other provision of law, the Department of Transportation may, without first complying with any provision of ORS 270.100 to 270.190 or 366.395 (1), offer to the Albina Vision Trust, Inc., the following surplus real property of the department relating to the Interstate 5 Rose Quarter Project: (a) For sale or lease, for any consideration, any or all of the state’s interest that was acquired or developed with moneys not from the State Highway Fund; and (b) For sale or lease, at fair market value as determined by the Department of Transportation, any or all of the state’s interest that was acquired or developed with moneys from the State Highway Fund. (2) Moneys received under subsection (1)(b) of this section must be deposited into the State Highway Fund. (3) The Oregon Department of Administrative Services shall take any actions necessary to assist the Department of Transportation with any sale or lease of real property under this section. [2025 c.418 §1] Sec. 2. Section 1 of this 2025 Act is repealed on January 2, 2040. [2025 c.418 §2] MANAGEMENT