Oregon Law
Law as of Jan 1, 2026
Chapter contents
271.005Definitions for ORS 271.005 to 271.540 271.010[Amended by 1965 c.25 §1; 1971 c.287 §1; repealed by 1981 c.153 §79] 271.020[Amended by 1953 c.283 §3; 1977 c.275 §1; repealed by 1981 c.153 §79] 271.030[Amended by 1953 c.283 §3; repealed by 1981 c.153 §79] 271.040[Repealed by 1981 c.153 §79] 271.050[Repealed by 1981 c.153 §79] 271.060[Repealed by 1981 c.153 §79] 271.070[Repealed by 1981 c.153 §79] 271.080Vacation in incorporated cities; petition; consent of property owners 271.090Filing of petition; notice 271.100Action by city governing body 271.110Notice of hearing 271.120Hearing; determination 271.130Vacation on city governing body’s own motion; appeal 271.140Title to vacated areas 271.150Vacation records to be filed; costs 271.160Vacations for purposes of rededication 271.170Nature and operation of statutes 271.180Vacations in municipalities included in port districts; petition; power of common council; vacating street along railroad easement 271.190Consent of owners of adjoining property; other required approval 271.200Petition; notice 271.210Hearing; grant of petition 271.220Filing of objections; waiver 271.230Records of vacations; fees 271.300Application and administration of ORS 271.300 to 271.360; rules 271.310Transfer or lease of real property owned or controlled by political subdivision; procedure in case of qualified title; notice; rules 271.320Exchange of trust fund assets 271.330Relinquishing title of property not needed for public use 271.335Relinquishing reversionary interest held by political subdivision 271.340Property valuation in exchange to be equal 271.350Determining valuation of property in exchanges 271.360Lease requirements 271.370[Amended by 1981 c.787 §33; 1983 c.660 §1; repealed by 1985 c.443 §1] 271.375Public grazing lands; sale; lease or exchange 271.380Indemnifying political subdivision for loss or damage resulting from occupancy of its property 271.390Lease or purchase of real estate by public body or council of governments; financing agreement 271.400Conveyances by political subdivision to state 271.405Transfer of property by city or town to county for public institutions and works 271.410Use of municipal property for rodeos, games, racing and exhibitions 271.420City bonds as payment for land sold by city 271.430Lease of space above or below street or highway; effect on prior dedication or grant for public purpose 271.440Agreements for location of transmission lines on property of political subdivision 271.445Installation of fiber-optic lines on public land and in public right of way 271.510Definition of “industrial facility” for ORS 271.510 to 271.540 271.520Declaration of legislative purpose 271.530Powers of counties and cities to acquire and dispose of industrial facilities 271.540County or city operation of industrial facility; exception 271.600Use of term “squaw”; exceptions 271.610[1953 c.158 §§1,2; repealed by 1981 c.787 §58] 271.710[1967 c.318 §1; repealed by 1983 c.642 §11] 271.715Definitions for ORS 271.715 to 271.795 271.720[1967 c.318 §2; 1975 c.511 §1; 1981 c.787 §40; repealed by 1983 c.642 §11] 271.725Acquisition and creation of conservation or highway scenic preservation easement 271.729Report on effect of conservation or highway scenic preservation easement on property value; fee 271.730[1967 c.318 §3; 1981 c.787 §41; repealed by 1983 c.642 §11] 271.735Hearing; notice 271.740[1967 c.318 §4; 1981 c.787 §42; repealed by 1983 c.642 §11] 271.745Validity of conservation or highway scenic preservation easement 271.750[1967 c.318 §5; 1975 c.511 §2; 1981 c.787 §43; repealed by 1983 c.642 §11] 271.755Action affecting conservation or highway scenic preservation easement; standing to bring action 271.765Applicability 271.775Rules governing conservation and highway scenic preservation easements 271.785Taxation of property subject to highway scenic preservation easement 271.795Construction of Act

Chapter 271 — USE OF PUBLIC LANDS; EASEMENTS

ORS 271.320 Exchange of trust fund assets

If any property owned by a political subdivision 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 271.310, 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.

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2026-01-01

2025 Oregon Revised Statutes — official online source