§ 19.995. Principal.
94 words·~1 min read·
/us/cfr/t31/s§ 19.995·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 other 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.