[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: 24CFR24.405]

[Page 258]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--
 
   Subpart D_Responsibilities of HUD Officials Regarding Transactions
 
Sec.  24.405  May I enter into a covered transaction with a participant 

if a principal of the transaction is excluded?

    As an agency official, you may not enter into a covered transaction 
with a participant if you know that a principal of the transaction is 
excluded, unless you obtain an exception under Sec.  24.120.

[[Page 259]]