§1006.995. Principal.
22 C.F.R. § 1006.995
Principal means—
An officer, director, owner, partner, principal investigator, or other 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: Sec. 2455, Pub. L. 103-355, 108 Stat. 3327 (31 U.S.C. 6101 note); E.O. 12549, 3 CFR, 1986 Comp., p. 189; E.O. 12689, 3 CFR, 1989 Comp., p. 235.