[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: 7CFR1930.108]

[Page 199-200]
 
                          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. 1930.108  Extent of borrower management.

    According to exhibit B of this subpart, the borrower and/or the 
borrower's agent will develop a management plan for each project that 
describes the scope of property management needed to maintain program 
objectives. When the management is from other than the borrower, a 
management agreement will be used to define the responsibilities of the 
management agent. Initial, modified and/or replacement management 
agreements will be approved by authorized FmHA or its successor agency 
under Public Law 103-

[[Page 200]]

354 officials. A sample management agreement is provided in exhibit B-3 
of this subpart.