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Board authorizes transfer of about $55,131 in surplus foreclosure funds to Oregon State Treasury
Summary
Staff recommended and the board authorized transferring approximately $55,131.13 in surplus foreclosure proceeds to the Oregon State Treasury to reduce potential County liability after recent U.S. Supreme Court decisions; the motion carried 3-0.
Staff presented a report recommending transfer of about $55,131.13 in surplus foreclosure funds to the Oregon State Treasury. The staff report referenced legal obligations and recent United States Supreme Court decisions addressing surplus foreclosure proceeds and noted the transfer was intended to reduce potential county liability exposure.
Commissioner Colene Martin moved to authorize the transfer and Commissioner Gary Richardson seconded; the roll-call votes were recorded as yes by Commissioners Richardson, Martin and Chair Ron Smith, and the motion carried 3-0. The transcript records the approximate dollar amount and the intended transfer but does not include a statutory citation directing the transfer; staff presented the recommendation as complying with applicable procedures.
