(2) Except as otherwise provided in ORS 274.905 to 274.940, the department may sell, lease or trade new lands created upon submersible or submerged lands owned by the state in the same manner as provided for lands acquired as an investment for the Common School Fund in ORS 273.117 or ORS chapter 273.
(3) Except as otherwise provided in ORS 274.905 to 274.940 and 274.950 to 274.956, the State Land Board shall adopt rules under which the department may sell, lease or trade historically filled lands owned by the state. [1963 c.376 §3; 1967 c.421 §177; 1969 c.594 §47; 1973 c.203 §3; 1989 c.64 §1; 2015 c.804 §3]