2 CFR 180.365 - What must I do if I learn of information required under § 180.355 after entering into a covered transaction with a higher tier participant?

Code of Federal Regulations - Title 2: Grants and Agreements

Updated to: January 01, 2011

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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-Lower Tier Participants

180.365 - What must I do if I learn of information required under ? 180.355 after entering into a covered transaction with a higher tier participant

At any time after you enter into a lower tier covered transaction with a person at a higher tier, you must provide immediate written notice to that person if you learn either that?

(a) You failed to disclose information earlier, as required by ? 180.355; or

(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in ? 180.355.