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  <FDSYS>
    <CFRTITLE>45</CFRTITLE>
    <CFRTITLETEXT>Public Welfare</CFRTITLETEXT>
    <VOL>4</VOL>
    <DATE>2006-10-01</DATE>
    <ORIGINALDATE>2006-10-01</ORIGINALDATE>
    <COVERONLY>false</COVERONLY>
    <TITLE>May I enter into a covered transaction with a participant if a principal of the transaction is excluded?</TITLE>
    <GRANULENUM>2542.405</GRANULENUM>
    <HEADING>Section 2542.405</HEADING>
    <ANCESTORS>
      <PARENT HEADING="Title 45" SEQ="4">Public Welfare</PARENT>
      <PARENT HEADING="Subtitle B" SEQ="3">Regulations Relating to Public Welfare (Continued)</PARENT>
      <PARENT HEADING="CHAPTER XXV" SEQ="2">CORPORATION FOR NATIONAL AND COMMUNITY SERVICE</PARENT>
      <PARENT HEADING="PART 2542" SEQ="1">GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)</PARENT>
      <PARENT HEADING="Subpart D" SEQ="0">Responsibilities of Corporation Officials Regarding Transactions</PARENT>
    </ANCESTORS>
  </FDSYS>
  <SECTION>
    <SECTNO>§ 2542.405</SECTNO>
    <SUBJECT>May I enter into a covered transaction with a participant if a principal of the transaction is excluded?</SUBJECT>
    <P>As an agency official, you may not enter into a covered transaction with a participant if you know that a principal of the transaction is excluded, unless you obtain an exception under § 2542.120.</P>
  </SECTION>
</CFRGRANULE>
