[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: 24CFR24.310]



[Page 253]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

of Contents

 

    Subpart C_Responsibilities of Participants Regarding Transactions

 

Sec.  24.310  What must I do if a Federal agency excludes a person with 

whom I am already doing business in a covered transaction?



    (a) You as a participant may continue covered transactions with an 

excluded person if the transactions were in existence when the agency 

excluded the person. However, you are not required to continue the 

transactions, 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 

and appropriate.

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

cost time extensions) with any excluded person, unless the Department of 

Housing and Urban Development grants an exception under Sec.  24.120.