Bill > SB1182

This bill provides the Oregon Department of Transportation (ODOT) with special authorization to sell or lease surplus real property related to the Interstate 5 Rose Quarter Project to the Albina Vision Trust, Inc., bypassing standard state property disposition laws. Specifically, the bill allows ODOT to offer two types of property: first, any state-owned interests acquired or developed with non-State Highway Fund moneys, which can be sold or leased for any consideration; and second, any state-owned interests acquired or developed with State Highway Fund moneys, which must be sold or leased at fair market value. For property sold from State Highway Fund moneys, the proceeds must be deposited back into the State Highway Fund. The Oregon Department of Administrative Services is required to assist ODOT in these property transactions. The bill includes a sunset provision, automatically repealing these special provisions on January 2, 2040, which means the unique disposition authority will expire at that time. This legislation appears designed to facilitate the transfer of specific project-related real estate to a specific non-profit organization (Albina Vision Trust) with potentially simplified procedures.

Transportation and Infrastructure

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB1182