36 CFR 1011.7
§ 1011.7 When will the Presidio Trust compromise a debt?
United States · 36 CFR — Parks, Forests, and Public Property · Status: effective
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- Citation
- 36 CFR 1011.7, § 1011.7 When will the Presidio Trust compromise a debt?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/160666
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Full text
(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 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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.