Bill > SB517

This bill modifies Oregon Revised Statute (ORS) 275.275, which governs how counties distribute proceeds from land sales. The bill primarily changes how remaining funds from land sales are allocated, specifically directing that all remaining funds be distributed to the county general fund. For counties with populations of 650,000 or more, the bill maintains a provision allowing some proceeds to be used for specific housing support services, such as providing funds for housing placement and rental assistance for youth and families with low incomes. The bill also adjusts how proceeds are distributed after covering initial expenses like tax refunds, maintenance costs, and potential legal proceedings. Previously, the law specified a complex formula for distributing remaining funds to various governmental units, but the new version simplifies this by directing funds directly to the county general fund. The changes aim to streamline the process of managing proceeds from county land sales and provide more flexibility to county treasurers in allocating these funds. The bill applies to lands acquired through various means, including tax foreclosure and other methods of county property acquisition.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB517