[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: 34CFR85.365]



[Page 269]

 

                           TITLE 34--EDUCATION

 

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

of Contents

 

    Subpart C_Responsibilities of Participants Regarding Transactions

 

Sec.  85.365  What must I do if I learn of information required under 

Sec.  85.355 after entering into a covered transaction with a higher 

tier participant?



    At any time after you enter into a lower tier covered transaction 

with a person at a higher tier, you must provide immediate written 

notice to that person if you learn either that--

    (a) You failed to disclose information earlier, as required by Sec.  

85.355; or

    (b) Due to changed circumstances, you or any of the principals for 

the transaction now meet any of the criteria in Sec.  85.355.



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.



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