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Code · CFR · Title 2 — Federal Financial Assistance · Part 180 — OMB Guidelines to Agencies on Government-Wide Debarment and Suspension (Nonprocurement) · § 180.995

§ 180.995. Principal.

94 words·~1 min read·/us/cfr/t2/s§ 180.995·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Principal means:
(a)An officer, director, owner, partner, principal investigator, or another person within a participant with management or supervisory responsibilities related to a covered transaction; or
(b)A consultant or other person, whether or not employed by the participant or paid with Federal funds, who:
(1)Is in a position to handle Federal funds;
(2)Is in a position to influence or control the use of those funds; or,
(3)Occupies a technical or professional position capable of substantially influencing the development or outcome of an activity required to perform the covered transaction.
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