[Code of Federal Regulations]
[Title 7, Volume 12]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1930.105]

[Page 199]
 
                          TITLE 7--AGRICULTURE
 
    CHAPTER XVIII--RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE 
SERVICE, RURAL UTILITIES SERVICE, AND FARM SERVICE AGENCY, DEPARTMENT OF 
                         AGRICULTURE (CONTINUED)
 
PART 1930--GENERAL--Table of Contents
 
    Subpart C--Management and Supervision of Multiple Family Housing 
                     Borrowers and Grant Recipients
 
Sec. 1930.105  Objective of management and supervision.

    (a) The primary objective of management and supervision is to 
provide effective supervision to each borrower to accomplish the 
objectives of the loan or grant.
    (b) To provide effective supervision, FmHA or its successor agency 
under Public Law 103-354 will assure that the borrower's management plan 
accomplishes the following:
    (1) Provide proper and efficient management policies as prescribed 
in exhibit B of this subpart.
    (2) Comply with loan and grant agreements.
    (3) Repay loans on schedule.
    (4) Maintain security property.
    (5) Protect the interests of FmHA or its successor agency under 
Public Law 103-354.
    (6) Operate facilities according to State and local laws and 
regulations.
    (7) Maintain accounts and records.
    (8) Submit reports and audits.
    (9) Process rent and occupancy charge changes according to exhibit C 
of this subpart.
    (10) Operate the facilities according to applicable Civil Rights 
laws, Title VI of the Civil Rights Act of 1964, Title VIII of the Civil 
Rights Act of 1968, Section 504 of the Rehabilitation Act of 1973, 
Executive Order 11246, the Americans with Disabilities Act of 1990, and 
the Age Discrimination Act of 1975.
    (11) Maintain facilities and premises that are free of illegal 
controlled substances.
    (12) Collect and remit any occupancy surcharges as applicable.

[58 FR 40868, July 30, 1993, as amended at 62 FR 25065, May 7, 1997]