[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: 24CFR24.420]



[Page 255]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

of Contents

 

   Subpart D_Responsibilities of HUD Officials Regarding Transactions

 

Sec.  24.420  May I approve a transaction with an excluded or 

disqualified person at a lower tier?



    If a transaction at a lower tier is subject to your approval, you as 

an agency official may not approve--

    (a) A covered transaction with a person who is currently excluded, 

unless you obtain an exception under Sec.  24.120; or

    (b) A transaction with a person who is disqualified from that 

transaction, unless you obtain a waiver or exception under the statute, 

Executive order, or regulation that is the basis for the person's 

disqualification.