36 CFR § 1011.7 - When will the Presidio Trust compromise a debt?

---
identifier: "/us/cfr/t36/s1011.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "36 CFR § 1011.7 - When will the Presidio Trust compromise a debt?"
title_number: 36
title_name: "Parks, Forests, and Public Property"
section_number: "1011.7"
section_name: "When will the Presidio Trust compromise a debt?"
chapter_name: "PRESIDIO TRUST"
part_number: "1011"
part_name: "DEBT COLLECTION"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "16 U.S.C. 460bb appendix, as amended."
regulatory_source: "70 FR 73588, Dec. 13, 2005, unless otherwise noted."
cfr_part: "1011"
---


# 1011.7 When will the Presidio Trust compromise a debt?

(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.