§ 1011.7 When will the Presidio Trust compromise a debt?

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Title 36 CFR: Parks, Forests, and Public Property › Chapter X: PRESIDIO TRUST › Part 1011: DEBT COLLECTION › Subpart B: Procedures To Collect Presidio Trust Debts › § 1011.7: § 1011.7 When will the Presidio Trust compromise a debt?

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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.

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