OR HB3354

Amends ORS 275.275 to direct remaining proceeds from county real property sales to the county general fund instead of distributing to governmental units under the tax collection formula in ORS 311.390

Applies to proceeds from sales of property acquired through tax lien foreclosure, property exchanges, or other county acquisitions after required disbursements are made

Maintains existing priority distributions: first to reimburse county for advanced state taxes, then for penalties and fees, then for maintenance and legal costs, then to local governments with improvement liens

Counties with populations of 650,000+ or 200,000+ that elect participation retain special provisions for housing-related fund distributions for youth and families with children at 30% or lower median family income

Distribution of proceeds under the amended statute must occur on or before June 30 of each year