TITLE 45 - PUBLIC WELFARE

SUBTITLE B - REGULATIONS RELATING TO PUBLIC WELFARE

CHAPTER XI - NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES

SUBCHAPTER E - INSTITUTE OF MUSEUM AND LIBRARY SERVICES

PART 1185 - GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

subpart d - RESPONSIBILITIES OF IMLS OFFICIALS REGARDING TRANSACTIONS

1185.415 - What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?

  (a) You as an agency official may continue covered transactions with an excluded person, or under which an excluded person is a principal, if the transactions were in existence when the person was excluded. You are not required to continue the transactions, however, and you may consider termination. You should make a decision about whether to terminate and the type of termination action, if any, only after a thorough review to ensure that the action is proper.

  (b) You may not renew or extend covered transactions (other than no-cost time extensions) with any excluded person, or under which an excluded person is a principal, unless you obtain an exception under 1185.120.