Oregon Code § 566.340·Enacted ·Last updated March 01, 2026
Statute Text
Administration of trust assets.
Notwithstanding any other provisions of law, the funds and proceeds of the
trust assets that are not authorized to be administered by the Secretary of
Agriculture of the United States under the provisions of ORS 566.330 shall be
received by the Department of State Lands and by it deposited in the State
Treasury in an account, separate and distinct from the General Fund. Interest
earned by the account shall be credited to the account. Moneys in the account
are continuously appropriated to the Housing and Community Services Department
and may be expended or obligated by the Housing and Community Services
Department for the purposes of ORS 566.330 or for agriculture workforce housing
permissible under the charter of the now dissolved Oregon Rural Rehabilitation
Corporation. [Formerly 414.070 and then 414.840; 1989 c.966 §63; 1995 c.152 §3;
2003 c.253 §26; 2005 c.755 §47; 2013 c.750 §30]
Plain English Explanation
This Oregon statute addresses Administration of trust assets. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 566.340
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Administration of trust assets. Read the full statute text above for details.
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