Information Collection Request; Inventory Property Management
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice concerns a revision to the Farm Service Agency's information collection process for managing inventory properties. The changes aim to improve how the agency processes applications to lease or purchase these properties. Interested individuals and entities can submit feedback by a specified date.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- The process for managing inventory properties is updated.
- The estimated number of properties to be sold is increased.
- Higher response and burden hours are projected.
Obligations
What this law requires
Collect and maintain information necessary to evaluate applicant requests to purchase inventory property
Collect and maintain information necessary to determine eligibility to lease or purchase inventory property
Submit comments on the Inventory Property Management information collection revision by June 12, 2026
Collect and maintain information necessary to ensure payment of lease amount or purchase amount associated with inventory property acquisition
Manage, lease, and sell security property acquired by FSA in accordance with 7 CFR part 767