[Code of Federal Regulations] [Title 34, Volume 1] [Revised as of July 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 34CFR85.420] [Page 270] TITLE 34--EDUCATION PART 85_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) --Table of Contents Subpart D_Responsibilities of ED Officials Regarding Transactions Sec. 85.420 May I approve a transaction with an excluded or disqualified person at a lower tier? If a transaction at a lower tier is subject to your approval, you as an agency official may not approve-- (a) A covered transaction with a person who is currently excluded, unless you obtain an exception under Sec. 85.120; or (b) A transaction with a person who is disqualified from that transaction, unless you obtain a waiver or exception under the statute, Executive order, or regulation that is the basis for the person's disqualification. Authority: E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O 12689 (3 CFR, 1989 Comp., p. 235); 20 U.S.C. 1082, 1094, 1221e-3 and 3474; and Sec. 2455, Pub. L. 103-355, 108 Stat. 3243 at 3327. [[Page 271]]