272.085 Five Percent United States Land Sales Fund; use of moneys
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272.085 Five Percent United States Land Sales Fund; use of moneys.
(1)All funds received from the United States Government by the State of Oregon as five percent of the net proceeds of sales of public lands and materials on those lands located within the State of Oregon, shall upon receipt by the State Treasurer be credited to a special fund in the State Treasury to be known as the Five Percent United States Land Sales Fund. This special fund, notwithstanding the provisions of ORS 291.238, is continuously appropriated including interest earned to this special fund except for an amount of 60 cents per county that shall be deducted as a distribution charge. The distribution charge is in addition to the transaction charge approved for the Oregon Department of Administrative Services during the budgetary process. The department shall cause the net amount to be distributed to the counties of the state on the basis of the average square mile area of each county.
(2)The moneys distributed to the counties under subsection
(1)of this section shall be used for the benefit of the public roads and bridges of the recipient county.
(3)The amount of the distribution charges is continuously appropriated to and shall be used to meet expenses incurred by the Oregon Department of Administrative Services in administering this section. [1981 c.787 §3; 1985 c.787 §1]