2 CFR 180.345 - What happens if I fail to disclose information required under § 180.335?

Code of Federal Regulations - Title 2: Grants and Agreements

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Title 2: Grants and Agreements

Subtitle A: Office of Management and Budget Guidance for Grants and Agreements

CHAPTER I: OFFICE OF MANAGEMENT AND BUDGET GOVERNMENTWIDE GUIDANCE FOR GRANTS AND AGREEMENTS

Subchapter F-Audit Requirements: [Reserved]

PART 180: OMB GUIDELINES TO AGENCIES ON GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

Subpart C: Responsibilities of Participants Regarding Transactions Doing Business With Other Persons

: Disclosing Information-Primary Tier Participants

180.345 - What happens if I fail to disclose information required under ? 180.335

If a Federal agency later determines that you failed to disclose information under ? 180.335 that you knew at the time you entered into the covered transaction, the agency may?

(a) Terminate the transaction for material failure to comply with the terms and conditions of the transaction; or

(b) Pursue any other available remedies, including suspension and debarment.

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