Oregon Revised Statutes Chapter 226 § 226.360 — Application of proceeds from sale of excess land
Oregon Revised Statutes Chapter 226 ·
Oregon Code § 226.360·Enacted ·Last updated March 01, 2026
Statute Text
Application of proceeds from sale of excess land.
The proceeds from resale of any
neighboring property taken in excess of what may be necessary for actual
construction, opening, widening, extending and laying out of any public square,
park or playground as provided in ORS 226.310 to 226.390 shall be deposited in
the city treasury and used in payment of interest and as a sinking fund to
retire any bond issues authorized under ORS 226.390. Any surplus arising from
such transaction shall be turned over to and for the use of the park department
of the city.
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 226.360
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Application of proceeds from sale of excess land. Read the full statute text above for details.
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The formal citation is Oregon Code § 226.360. Use this format in legal documents and court filings.
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