---
kind: "section"
citation: "36 C.F.R. § 1011.7"
title: "36"
number: "1011.7"
heading: "When will the Presidio Trust compromise a debt?"
url: "https://uscodex.org/cfr/36/1011.7"
---

# §1011.7. When will the Presidio Trust compromise a debt?

- (a) **Authority.** The Presidio Trust may compromise a debt in accordance with the FCCS and such procedures as the Presidio Trust may adopt. (See [§ 1011.16](/cfr/36/1011.16.md) of this subpart).
- (b) **Report to IRS.** The uncollected portion of a debt owed to the Presidio Trust that is not recovered as the result of a compromise will be reported to the IRS as income to the debtor in accordance with IRS and Presidio Trust procedures.

## Notes

### Authority

Authority: 16 U.S.C. 460bb appendix, as amended.

### Source

Source: 70 FR 73588, Dec. 13, 2005, unless otherwise noted.