[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: 34CFR85.450]



[Page 271]

 

                           TITLE 34--EDUCATION

 

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

of Contents

 

    Subpart D_Responsibilities of ED Officials Regarding Transactions

 

Sec.  85.450  What action may I take if a primary tier participant fails 

to disclose the information required under Sec.  85.335?



    If you as an agency official determine that a participant failed to 

disclose information, as required by Sec.  85.335, at the time it 

entered into a covered transaction with you, you 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.



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