---
kind: "section"
citation: "7 C.F.R. § 767.1"
title: "7"
number: "767.1"
heading: "Introduction."
url: "https://uscodex.org/cfr/7/767.1"
---

# §767.1. Introduction.

- (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

### Authority

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

### Source

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