[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

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

[CITE: 24CFR24.115]



[Page 250]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table 

of Contents

 

                            Subpart A_General

 

Sec.  24.115  How does an exclusion restrict a person's involvement in 

covered transactions?



    With the exceptions stated in Sec. Sec.  24.120, 24.315, and 24.420, 

a person who is excluded by the Department of Housing and Urban 

Development or any other Federal agency may not:

    (a) Be a participant in a(n) HUD transaction that is a covered 

transaction under subpart B of this part;

    (b) Be a participant in a transaction of any other Federal agency 

that is a covered transaction under that agency's regulation for 

debarment and suspension; or

    (c) Act as a principal of a person participating in one of those 

covered transactions.