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.