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Proposed Rulemaking

Rules under consideration

Description

​DIV 30; DIV 40; DIV45; Rules to administer HB 4074 Escheatment of matured US Savings Bonds held by DSL


The Oregon Department of State Lands (DSL) is conducting rulemaking to create clear definitions and procedures to:

1. Locate owners of US Savings Bonds

2. Seek court approval to cash in matured US Savings Bonds after three years

3. Post the bond proceeds to the owner’s accounts

4. Provide owners a simple petition process for recovering US Savings Bond proceeds


In order to achieve this purpose, DSL believes the rules should address the following administrative actions:

1. Develop a strategy to locate the owners or their descendants and return their US Savings Bonds during a three-year period before escheatment. 

a. Create a webpage where the public can learn about the project and search a listing of US Savings Bond owners with a convenient method to file a claim for the Savings bonds.

b. Plan public outreach efforts designed to provide any interested parties the opportunity to search and recover US Savings Bonds.

c. Ensure the outreach strategy meets the due process requirements of escheatment.

2. Develop an escheatment timeline and process with Marion County Courts.

3. Work with US Treasury to develop the process and paperwork needed to cash in matured escheated US Savings Bonds.

4. Post the proceeds of escheated bonds to the owner’s account so petitions can be made against the funds.


DSL will hold three RAC Committee Meetings starting in January 2019. RAC Committee Meeting locations are:


RAC Committee Meeting #1
January 18, 2019
9 am to 12 pm
Land Board Room
775 Summer Street NE, Salem, Oregon

Agenda​
Meeting Summary


RAC Committee Meeting #2
February 8, 2019
9 am to 12 pm
Land Board Room
775 Summer Street NE, Salem, Oregon

Agenda​​
Meeting Summary


RAC Committee Meeting #3
March 13, 2019
1 pm to 4 pm
Land Board Room
775 Summer Street NE, Salem, Oregon

Meeting Summary


Status
Active
Document
Description

​DIV 40; DIV 45; Rules to administer HB 4038 military medals held by DSL


DSL is conducting rulemaking to modify administration (OAR 141-045) and unclaimed property claims/finders (OAR 141-040) rules to include definitions and administrative procedures to ensure military medals and related militaria are safeguarded and returned to the service member, their descendants, or other appropriate custodians. 

In order to achieve this purpose, DSL believes the rules should address the following administrative actions:

1. Create a public webpage including photographs and information regarding the service member to make it easy for the service member or their descendants to seek and recover military medals and related militaria. 

2. Layout the specific requirements and methods to transfer medals and related militaria to designated custodians. 

a. Qualified military veterans’ organizations

b. A state or federal agency

c. The Oregon Military Museum

3. Define the investigation methods DSL will use to identify the service member who earned the medal.

4. Create the claim requirements for the original box owner, a service member or their descendants to successful recover the medal and associated militaria. 

5. Create criteria on when any safekeeping fees owed a financial institution that reported the contents are reimbursable before recovery of the medal is allowed.


DSL will hold three RAC Committee Meetings starting in January 2019. RAC Committee Meeting locations are:


RAC Committee Meeting #1
January 17, 2019
1 pm to 4 pm
Land Board Room
775 Summer Street NE, Salem, Oregon


RAC Committee Meeting #2
February 7, 2019
1 pm to 4 pm
Land Board Room
775 Summer Street NE, Salem, Oregon

Agenda
Meeting Summary


RAC Committee Meeting #3
March 14, 2019
9 am to 12 pm
Land Board Room
775 Summer Street NE, Salem, Oregon

Agenda​
Meeting Summary


RAC Roster​

Status
Active
Document
Description

DSL has updated the statewide compensatory mitigation requirements using a watershed-based approach, and function-based assessment and accounting methods; and made other non-substantive edits for routine rules maintenance. New rules will take effect on April 1, 2019.

We are changing our policy because in 2008, the federal government adopted a new rule – the Final Compensatory Mitigation Rule – which promotes a watershed- and function-based approach to compensatory mitigation. Studies show that the current practice of requiring acreage-based mitigation is leading to an overall loss of functions and values of aquatic resources across the nation. The new mitigation framework brings Oregon’s mitigation program into alignment with the 2008 Rule and provides more successful, sustainable benefits for all aquatic resources across the state. Existing exemptions are not affected. Click here to go to the Aquatic Resources Mitigation Framework website.

This new approach to compensating for wetland and stream losses will be collaboratively implemented by DSL, US Army Corps of Engineers-Portland District (Corps) and US Environmental Protection Agency-Region 10 (EPA) as provided in the Special Joint Public Notice of Change to Wetlands and Stream Mitigation in Oregon .

The Department held three public hearings during the month of November 2018 at the following locations:

November 15, 2018, 4:30-6 PM
Deschutes County Road Department
Large Conference Room
61150 SE 27th
Bend, Oregon

November 20, 2018, 4:30-6 PM

Department of State Lands Building
Land Board Room
775 Summer Street NE
Salem, Oregon

November 28, 2018, 4:30-6 PM

Hampton Inn & Suites
201 39th Street
Astoria, Oregon

The public Comment Period was from November 1 through 5 PM on December 7, 2018.

Status
Active
Document

Rulemaking meetings and hearings

Anne Friend
Rules Coordinator
Phone: 503-986-5245

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