ORS 566.320 Application to federal government for return of trust assets of dissolved Oregon Rural Rehabilitation Corporation

The Department of State Lands hereby is designated as the state agency of the State of Oregon to make application to and receive from the Secretary of Agriculture of the United States, or any other proper federal official, pursuant and subject to the provisions of Public Law 499, 81st Congress, approved May 3, 1950, the trust assets, either funds or property, held by the United States as trustee in behalf of the Oregon Rural Rehabilitation Corporation. [Formerly 414.050 and then 414.820] 566.330 Authority to enter into agreements with Secretary of Agriculture to administer trust assets. The Department of State Lands is authorized to enter into agreements with the Secretary of Agriculture of the United States pursuant to section 2(f), Public Law 499, 81st Congress, upon such terms and conditions and for such periods of time as may be mutually agreeable, authorizing the secretary to accept, administer, expend and use in the State of Oregon all or any part of such trust assets for carrying out the purposes of Titles I and II of the Bankhead-Jones Farm Tenant Act, in accordance with the applicable provisions of Title IV thereof, as now or hereafter amended, and to do all things necessary to effectuate and carry out the purposes of such agreements.