Oregon Administrative Rules › Chapter 125 - DEPARTMENT OF ADMINISTRATIVE SERVICES › Division 45 - DISPOSITION AND ACQUISITION OF REAL PROPERTY INTERESTS › Section 125-045-0205 - Definitions

Current through Register Vol. 63, No. 7, July 1, 2024
The following definitions apply to the rules in this Division
				045:
(1) "Acquiring Agency" means an
			 Agency that proposes to acquire a Real Property Interest and is not an Exempt
			 Acquiring Agency.
(2) "Acquisition"
			 means obtaining rights of ownership in a Real Property Interest by an Agency
			 through a purchase, exchange, conveyance or other transfer of that Real
			 Property Interest.
(3)
			 "Administrator" means the Administrator of the Department's Enterprise Asset
			 Management Division.
(4) "Agency"
			 means any board, commission, department or agency of the State of Oregon, whose
			 costs are paid from funds held in the State Treasury and that are authorized to
			 acquire or dispose of Real Property Interests.
(5) "Appraisal" means a written report by a
			 licensed and experienced real estate appraiser estimating the fair market value
			 of a Real Property Interest prepared in accordance with OAR 125-045-0215.
(6) "Appraised Fair Market Value"
			 means the fair market value of a Real Property Interest as determined by an
			 Appraisal.
(7) "Clearing House
			 Process" means the notification process whereby agencies notify the Department
			 of terminal dispositions or acquisitions of State Real Property Interests and
			 Department notifies other state agencies, Nonprofit Organizations, Indian
			 Tribes, and political subdivisions under OAR 125-045-0220  and 125-045-0225.
(8) "Department" means the Oregon
			 Department of Administrative Services.
(9) "Directed Appraisal" means a written
			 report by a licensed and experienced real estate appraiser estimating the fair
			 market value of a Real Property Interest with restrictions or for a particular
			 use, zone or conditional use in accordance with OAR 125-045-0215.
(10) "Director" means the Director of the
			 Department.
(11) "Disposing Agency"
			 means an Agency that proposes to dispose of a Real Property Interest.
(12) "Division" means the
			 Enterprise Asset Management Division of the Department.
(13) "Exempt Acquiring Agency" means an
			 Agency that is not required by law to report to the Department its intentions
			 to acquire a Real Property Interest. At the time of the adoption of these rules
			 the Exempt Acquiring Agencies are:
(a) The
			 Department of Transportation, if acquiring a highway right of way;
(b) The Higher Education Coordination
			 Commission and any public university with a governing board listed in ORS
			 352.054, if acquiring real property within the approved projected campus
			 boundaries of institutions subject to its authority;
(c) The Oregon Parks and Recreation
			 Department, if acquiring park properties;
(d) Oregon Health Authority (OHA) and
			 Department of Human Services (DHS) if acquiring residential real property under
			 the Estate Recovery Program authorized by ORS 410.075, 411.620 and 416.340 including mineral and geothermal rights according to ORS 273.785;
(e) The Department of Housing and Community
			 Services for residential real property acquired under ORS 465.515 to 456.725 or
			 ORS chapter 458: and
(f) The
			 Department of Veterans' Affairs for a home or farm acquired under ORS 88.720,
			 406.050, 407.135, 407.145, 407.375 or 407.377.