The people of Oregon are the owners of the submerged and submersible land ("beds and banks") underlying all navigable and tidally-influenced waters. In most cases, this ownership, which was granted by the federal government when Oregon became a state, extends to the line of ordinary high water or high tide.
The State of Oregon, through the State Land Board and Department of State Lands, oversees the submerged and submersible lands under the territorial sea
(i.e., oceanward to the three mile limit), tidally influenced land
, and the non-tidally influenced beds and banks of 12 rivers
and a number of lakes
in the state.
The Department of State Lands is responsible for most of the day-to-day management of publicly owned submerged and submersible land. The revenue from leases and authorizations for waterway uses, such as marinas, docks, floating homes and wharfs, is deposited into the Common School Fund
to benefit K-12 public schools throughout the state.