[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: 24CFR24.305]

[Page 256]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--
 
    Subpart C_Responsibilities of Participants Regarding Transactions
 
Sec.  24.305  May I enter into a covered transaction with an excluded

or disqualified person?

    (a) You as a participant may not enter into a covered transaction 
with an excluded person, unless the Department of Housing and Urban 
Development grants an exception under Sec.  24.120.
    (b) You may not enter into any transaction with a person who is 
disqualified from that transaction, unless you have obtained an 
exception under the disqualifying statute, Executive order, or 
regulation.

[[Page 257]]