[Code of Federal Regulations]

[Title 45, Volume 3]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 45CFR620.415]



[Page 171]

 

                        TITLE 45--PUBLIC WELFARE

 

                 CHAPTER VI--NATIONAL SCIENCE FOUNDATION

 

PART 620_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

--Table of Contents

 

  Subpart D_Responsibilities of National Science Foundation Officials 

                         Regarding Transactions

 

Sec. 620.415  What must I do if a Federal agency excludes the participant 

or a principal after I enter into a covered transaction?



    (a) You as an agency official may continue covered transactions with 

an excluded person, or under which an excluded person is a principal, if 

the transactions were in existence when the person was excluded. You are 

not required to continue the transactions, however, and you may consider 

termination. You should make a decision about whether to terminate and 

the type of termination action, if any, only after a thorough review to 

ensure that the action is proper.

    (b) You may not renew or extend covered transactions (other than no-

cost time extensions) with any excluded person, or under which an 

excluded person is a principal, unless you obtain an exception under 

Sec. 620.120.