[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

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

[CITE: 14CFR1265.415]



[Page 397]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1265_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

--Table of Contents

 

   Subpart D_Responsibilities of NASA Officials Regarding Transactions

 

Sec. 1265.415  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. 1265.120.