 |
Code of Federal Regulations (Last Updated: October 10, 2024) |
 |
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 |
|
Part 180 - OMB Guidelines to Agencies on Governmentwide Debarment and Suspension (Nonprocurement) |
|
Subpart I - Definitions |
§ 180.995 - Principal.
Latest version.
-
§ 180.995 Principal.
Principal means— means:
(a) An officer, director, owner, partner, principal investigator, or other another 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—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.