§1508.420. May I approve a transaction with an excluded or disqualified person at a lower tier?
22 C.F.R. § 1508.420
If a transaction at a lower tier is subject to your approval, you as an agency official may not approve—
A covered transaction with a person who is currently excluded, unless you obtain an exception under § 1508.120; or
A transaction with a person who is disqualified from that transaction, unless you obtain a waiver or exception under the statute, Executive order, or regulation that is the basis for the person's disqualification.
Notes, amendments, and revision history
Authority
Authority: Sec. 2455, Pub.L. 103-355, 108 Stat. 3327; E.O. 12549, 3CFR, 1986 Comp., p.89; E.O. 12689, 3CFR, 1989 Comp., p. 235.
Source
Source: 68 FR 66590, 66592, Nov. 26, 2003, unless otherwise noted.