Chapter 273 — State Lands Generally
ORS 273.107 Legacy Unclaimed Property School Fund
There is established the Legacy Unclaimed Property School Fund within the Common School Fund.
The Legacy Unclaimed Property School Fund consists of moneys transferred to the fund under section 7, chapter 424, Oregon Laws 2021.
Interest earned by the fund is credited to the Common School Fund.
Moneys in the Legacy Unclaimed Property School Fund are continuously appropriated to the Department of State Lands for the department’s costs of administering the fund.
The department shall transfer moneys from the Legacy Unclaimed Property School Fund to the Common School Fund as required under ORS 116.253 (1) and Article VIII, section 2 (1)(b), of the Oregon Constitution.
The department may transfer moneys from the fund to the Unclaimed Property and Estates Fund to cover valid claims against the Unclaimed Property and Estates Fund only if:
After transferring all available moneys to the Unclaimed Property and Estates Fund from the Unclaimed Property School Fund under ORS 273.108 (5), there are insufficient moneys available to cover the claim; and
The claim is against moneys that were transferred to the Legacy Unclaimed Property School Fund under section 7, chapter 424, Oregon Laws 2021.
Official sources · 1Tap to view provenance and version history
Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
- Source
- oregonlegislature.gov
- SHA-256
de28ad6d…82bc7c11- Review
- auto verified
Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source