§767.1. Introduction.

7 C.F.R. § 767.1

(a)

Purpose. This part describes the Agency's policies for:

(1)

Managing inventory property;

(2)

Selling inventory property;

(3)

Leasing inventory property;

(4)

Managing real and chattel property the Agency takes into custody after abandonment by the borrower;

(5)

Selling or leasing inventory property with important resources, or located in special hazard areas; and

(6)

Conveying interest in real property for conservation purposes.

(b)

Basic policy. The Agency maintains, manages and sells inventory property as necessary to protect the Agency's financial interest.

Notes, amendments, and revision history

Authority: 5 U.S.C. 301 and 7 U.S.C. 1989.

Source: 72 FR 63358, Nov. 8, 2007, unless otherwise noted.