2 Cfr 180.995

2 CFR 180.995 (up to date as of 5/02/2024)
Principal.

2 CFR 180.995 (May 2, 2024)

This content is from the eCFR and is authoritative but unofficial.

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
Authority: Pub. L. 109-282; 31 U.S.C. 6102, Sec. 2455, Pub. L. 103-355, 108 Stat. 3327; E.O. 12549, 3 CFR, 1986 Comp., p. 189;
E.O. 12689, 3 CFR, 1989 Comp., p. 235.
Source: 70 FR 51865, Aug. 31, 2005, unless otherwise noted.

Editorial Note: Nomenclature changes to part 180 appear at 79 FR 75879, Dec. 19, 2014.
§ 180.995 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.

2 CFR 180.995 “Principal” (b)(3) (enhanced display)

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