Or. Admin. Code § 734-035-0130 - Procedure If No Satisfactory Bid Received
(1) At any time during a period of one year
after the auction date from which no satisfactory bid was received, the
Department may sell the property at a private negotiated sale.
(2) In negotiating a private sale pursuant to
section (1) of this rule, the Department shall consider the economic benefit to
the Department and the preservation of the Highway Trust Fund.
Notes
Stat. Auth.: ORS 184 & ORS 366
Stats. Implemented: ORS 270 .140
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