Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 22 - Foreign Relations |
Chapter XV - African Development Foundation |
Part 1508 - Governmentwide Debarment and Suspension (Nonprocurement) |
Subpart I - Definitions |
§ 1508.995 - Principal.
Latest version.
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§ 1508.995 Principal.
Principal means -
(a) An officer, director, owner, partner, principal investigator, or other person within a participant with management or supervisory responsibilities related to a covered transaction; or
(b) A consultant or other person, whether or not employed by the participant or paid with Federal funds, who -
(1) Is in a position to handle Federal funds;
(2) Is in a position to influence or control the use of those funds; or,
(3) Occupies a technical or professional position capable of substantially influencing the development or outcome of an activity required to perform the covered transaction.