85.115—How does an exclusion restrict a person's involvement in covered transactions?

With the exceptions stated in §§ 85.120, 85.315, and 85.420, a person who is excluded by the Department of Education or any other Federal agency may not:

(a) Be a participant in a(n) ED transaction that is a covered transaction under subpart B of this part;

(b) Be a participant in a transaction of any other Federal agency that is a covered transaction under that agency's regulation for debarment and suspension; or

Code of Federal Regulations

(Authority: E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O 12689 (3 CFR, 1989 Comp., p. 235); 20 U.S.C. 1082, 1094, 1221e-3 and 3474 ; and Sec. 2455, Pub. L. 103-355, 108 Stat. 3243 at 3327)