[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 34CFR85.205]



[Page 265-266]

 

                           TITLE 34--EDUCATION

 

PART 85_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table 

of Contents

 

                     Subpart B_Covered Transactions

 

Sec.  85.205  Why is it important if a particular transaction is a 

covered transaction?



    The importance of a covered transaction depends upon who you are.

    (a) As a participant in the transaction, you have the 

responsibilities laid out in Subpart C of this part. Those include 

responsibilities to the person or Federal agency at the next higher tier 

from whom you received the transaction, if any. They also include 

responsibilities if you subsequently enter into other covered 

transactions with persons at the next lower tier.

    (b) As a Federal official who enters into a primary tier 

transaction, you have the responsibilities laid out in subpart D of this 

part.

    (c) As an excluded person, you may not be a participant or principal 

in the transaction unless--



[[Page 266]]



    (1) The person who entered into the transaction with you allows you 

to continue your involvement in a transaction that predates your 

exclusion, as permitted under Sec.  85.310 or Sec.  85.415; or

    (2) A(n) ED official obtains an exception from the ED Deciding 

Official to allow you to be involved in the transaction, as permitted 

under Sec.  85.120.



Authority: E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O 12689 (3 CFR, 

1989 Comp., p. 235); 20 U.S.C. 1082, 1094, 1221e-3 and 3474; and Sec. 

2455, Pub. L. 103-355, 108 Stat. 3243 at 3327.