§180.995. Principal.
2 C.F.R. § 180.995
Principal means:
An officer, director, owner, partner, principal investigator, or another person within a participant with management or supervisory responsibilities related to a covered transaction; or
A consultant or other person, whether or not employed by the participant or paid with Federal funds, who:
Is in a position to handle Federal funds;
Is in a position to influence or control the use of those funds; or,
Occupies a technical or professional position capable of substantially influencing the development or outcome of an activity required to perform the covered transaction.
Notes, amendments, and revision history
Authority
Authority: 31 U.S.C. 503; 31 U.S.C. 6102; 31 U.S.C. 6307; Pub. L. 103-355; Pub. L. 109-282; Pub. L. 110-252; Pub. L. 111-84; Pub. L. 113-101Pub. L. 115-232; Pub. L. 117-40; E.O. 12549; E.O. 12689.
Source
Source: 89 FR 30115, Apr. 22, 2024, unless otherwise noted.