TITLE 2 - GRANTS AND AGREEMENTS

SUBTITLE A - OFFICE OF MANAGEMENT AND BUDGET GUIDANCE FOR GRANTS AND AGREEMENTS

CHAPTER I - OFFICE OF MANAGEMENT AND BUDGET GOVERNMENTWIDE GUIDANCE FOR GRANTS AND AGREEMENTS

PART 180 - OMB GUIDELINES TO AGENCIES ON GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

subpart b - COVERED TRANSACTIONS

180.205 - Why is it important if a particular transaction is a covered transaction?

The importance of whether a transaction is a covered transaction depends upon who you are.

  (a) As a participant in the transaction, you have the responsibilities laid out in subpart C of this part. Those include responsibilities to the person or Federal agency at the next higher tier from whom you received the transaction, if any. They also include responsibilities if you subsequently enter into other covered transactions with persons at the next lower tier.

  (b) As a Federal official who enters into a primary tier transaction, you have the responsibilities laid out in subpart D of this part.

  (c) As an excluded person, you may not be a participant or principal in the transaction unless (1) The person who entered into the transaction with you allows you to continue your involvement in a transaction that predates your exclusion, as permitted under 180.310 or 180.415; or (2) A Federal agency official obtains an exception from the agency head or designee to allow you to be involved in the transaction, as permitted under 180.135.