The Department may consider the receipt of land, monetary consideration, or other assets to equalize values of the parcels being exchanged. The Department must, however, receive approval in concept from the Board of Forestry when the proposed monetary payment exceeds ten percent of the value of the parcel(s) being acquired. In no event shall monetary compensation exceed 25 percent of the appraised value of the acquired property, unless the Board finds extraordinary circumstances exist that necessitate the exchange.

Statutory/Other Authority

ORS 526.016(4) & 526.041

Statutes/Other Implemented

ORS 530.010 & 530.040

History

DOF 5-2001, f. & cert. ef. 9-14-01