49 CFR 29.415 - What must I do if a Federal agency excludes the participant or a principal after I enter into a covered transaction?

Code of Federal Regulations - Title 49: Transportation

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Title 49: Transportation

Subtitle A: Office of the Secretary of Transportation

PART 29: GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

Subpart D: Responsibilities of DOT Officials Regarding Transactions

29.415 - 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 ? 29.120.



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