Any subsequent conveyance of an estate in fee simple absolute, assignment or modification of a Conservation Easement, transfer, assignment or modification of a real covenant, equitable servitude, or other agreement established for the purposes of protecting, restoring, or enhancing lands for the benefit of a drinking water source accomplished through a Protective Instrument acquired with Community Drinking Water Enhancement and Protection Fund monies must:
- (1) Comply with the requirements of ORS 541.960 as applicable; be made subject to Board approval and, if applicable, Department of Administrative Services approval; and ensure that the modification, transfer, conveyance, or assignment shall not result in a Profit;
- (2) For an estate in fee simple absolute and Conservation Easements, be transferred, conveyed, or assigned only to eligible applicants or eligible Holders; and
- (3) Comply with the requirements of ORS 448.370 and OAR Chapter 695, Division 48.
Statutory/Other Authority
ORS 448.370(7)
Statutes/Other Implemented
ORS 448.370 - 448.380
History
OWEB 1-2024, adopt filed 07/26/2024, effective 08/01/2024