[Code of Federal Regulations]

[Title 49, Volume 1]

[Revised as of October 1, 2005]

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

[CITE: 49CFR29.205]



[Page 367-368]

 

                        TITLE 49--TRANSPORTATION

 

          Subtitle A--Office of the Secretary of Transportation

 

PART 29_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

--Table of Contents

 

                     Subpart B_Covered Transactions

 

Sec. 29.205  Why is it important if a particular transaction is a covered 

transaction?



    The importance of a covered transaction depends upon who you are.

    (a) As a participant in the transaction, you have the 

responsibilities laid out in Subpart C of this part. Those include 

responsibilities to the person or Federal agency at the next



[[Page 368]]



higher tier from whom you received the transaction, if any. They also 

include responsibilities if you subsequently enter into other covered 

transactions with persons at the next lower tier.

    (b) As a Federal official who enters into a primary tier 

transaction, you have the responsibilities laid out in subpart D of this 

part.

    (c) As an excluded person, you may not be a participant or principal 

in the transaction unless--

    (1) The person who entered into the transaction with you allows you 

to continue your involvement in a transaction that predates your 

exclusion, as permitted under Sec. 29.310 or Sec. 29.415; or

    (2) A(n) DOT official obtains an exception from the debarring or 

suspending official to allow you to be involved in the transaction, as 

permitted under Sec. 29.120.