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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 32 - National Defense |
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Subtitle A - Department of Defense |
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Chapter I - Office of the Secretary of Defense |
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SubChapter C - Dod Grant and Agreement Regulations |
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Part 25 - GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) |
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Subpart I - Definitions |
§ 25.995 - Principal.
Latest version.
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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.