[Code of Federal Regulations]

[Title 32, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 32CFR25.415]



[Page 115]

 

                       TITLE 32--NATIONAL DEFENSE

 

              CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE

 

PART 25_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table 

of Contents

 

    Subpart D_Responsibilities of DOD Component Officials Regarding 

                              Transactions

 

Sec.  25.415  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.  25.120.