[Code of Federal Regulations]
[Title 24, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR24.200]

[Page 255]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--
 
                     Subpart B_Covered Transactions
 
Sec.  24.200  What is a covered transaction?


    A covered transaction is a nonprocurement or procurement transaction 
that is subject to the prohibitions of this part. It may be a 
transaction at--
    (a) The primary tier, between a Federal agency and a person (see 
appendix to this part); or
    (b) A lower tier, between a participant in a covered transaction and 
another person.
    (c) In the case of employment contracts that are covered 
transactions, each salary payment under the contract is a separate 
covered transaction.

[68 FR 66544, 66594, 66596, Nov. 26, 2003]