[Code of Federal Regulations] [Title 40, Volume 1] [Revised as of July 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 40CFR32.405] [Page 386] TITLE 40--PROTECTION OF ENVIRONMENT CHAPTER I--ENVIRONMENTAL PROTECTION AGENCY PART 32_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT); AND Subpart D_Responsibilities of EPA Officials Regarding Transactions Sec. 32.405 May I enter into a covered transaction with a participant if a principal of the transaction is excluded? As an agency official, you may not enter into a covered transaction with a participant if you know that a principal of the transaction is excluded, unless you obtain an exception under Sec. 32.120.