[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: 34CFR85.345]



[Page 269]

 

                           TITLE 34--EDUCATION

 

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

of Contents

 

    Subpart C_Responsibilities of Participants Regarding Transactions

 

Sec.  85.345  What happens if I fail to disclose information required 

under Sec.  85.335?



    If we later determine that you failed to disclose information under 

Sec.  85.335 that you knew at the time you entered into the covered 

transaction, we may--

    (a) Terminate the transaction for material failure to comply with 

the terms and conditions of the transaction; or

    (b) Pursue any other available remedies, including suspension and 

debarment.



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.