The Common School Fund Property program includes all agency work that generates funds for the Common School Fund. The program's units include Real Property and Trust Property (unclaimed property and estates).
The assistant director supervises two managers - the Trust Property manager and the Eastern Region manager (who also supervises Eastern Region aquatic resource staff). Program staff are located in the Salem headquarters office and in the Eastern Region office in Bend.
The Real Property team is in charge of implementing DSL's Real Estate Asset Management Plan. Eastern Region staff performs annual rangeland inventories on 30,000 of the more than 600,000 acres of rangelands to collect data relating to vegetation types, soil types and general rangeland health conditions.
Because of recent litigation regarding species protection in the Elliott State Forest, the agency's focus on generating revenue from Common School Fund real property has shifted from forestlands to other real property activities, though DSL continues to have an interagency agreement with the Department of Forestry to maintain, manage, control and protect Common School Fund forestlands.
Trust Property: The agency is the depository of record for unclaimed and presumed abandoned property and funds. Unclaimed funds are held in custody in the Common School Fund. Tangible personal property, primarily from abandoned safe deposit boxes, is held for a minimum of one year, and then publicly auctioned. All unclaimed property (or the proceeds from the sale of the property) is available for claim by the owners or their heirs forever.
The Department of State Lands is the court-appointed personal representative for the administration of estates of people who die without a will and without known heirs. After 10 years, if no will is located and there are no apparent heirs, estates proceeds are deposited permanently in the Common School Fund.