ORS 359.423: Board solicitation or acceptance of gifts, bequests, devises of money, securities or other property.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1)(a) The Trust for Cultural Development Board may solicit and accept gifts, bequests or devises of money, securities or other property of any kind to carry out the purposes of ORS 359.400 to 359.444. (b) Notwithstanding paragraph (a) of this subsection, a restricted gift, bequest or devise may not be accepted if the restriction is contrary to the laws of this state. (2)(a) The board shall be the custodian of any property accepted pursuant to this section. (b) The board shall hold the property as trustee for the state and shall conserve and administer the property to carry out the purposes of ORS 359.400 to 359.444. (c) Except as prohibited by law or restricted by the terms of the gift, bequest or devise, the board may from time to time sell or exchange any property accepted as a gift, bequest or devise as the board determines appropriate. (3) Moneys, and any income from property, accepted pursuant to this section shall be paid into the State Treasury and deposited to the credit of the Trust for Cultural Development Account established by ORS 359.405. [2015 c.668 §2] (Disbursement of Trust Account)
Administrative rules citing this section
- OAR 123-500-0000: Purpose — implements
- OAR 123-500-0005: Definitions — implements
- OAR 123-500-0010: Purpose — implements
- OAR 123-500-0015: Applications and Eligibility — implements
- OAR 123-500-0035: Evaluation Criteria — implements
- OAR 123-500-0045: Use of Grant Funds — implements
- OAR 123-500-0055: Grant Award Process; Administration of Grants — implements
- OAR 123-500-0070: Deadline — implements
- OAR 123-500-0075: Grant Contract; Final Reports — implements
- OAR 123-500-0080: Purpose — implements
- OAR 123-500-0090: Eligibility — implements
- OAR 123-500-0100: Structure of Cultural Coalition — implements
- OAR 123-500-0110: Fiscal Oversight — implements
- OAR 123-500-0120: Standards for Cultural Plans — implements
- OAR 123-500-0130: Cultural Participation Grant Allocation Process — implements
- OAR 123-500-0150: Purpose — implements
- OAR 123-500-0160: Distribution of Funds — implements
- OAR 123-500-0170: Limitations — implements
- OAR 123-500-0175: Allowable Uses of Funds by Core Partner Agencies. — implements
This rule cites
- ORS 359.400 — resolved
- 359.444 — resolved
- ORS 359.405 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors359.html