7 CFR §767.1

1. (a)Purpose. This part describes the Agency's policies for:
   1. (1)Managing inventory property;
   2. (2)Selling inventory property;
   3. (3)Leasing inventory property;
   4. (4)Managing real and chattel property the Agency takes into custody after abandonment by the borrower;
   5. (5)Selling or leasing inventory property with important resources, or located in special hazard areas; and
   6. (6)Conveying interest in real property for conservation purposes.
2. (b)Basic policy. The Agency maintains, manages and sells inventory property as necessary to protect the Agency's financial interest.