208.305—May I enter into a covered transaction with an excluded or disqualified person?
(a)
You as a participant may not enter into a covered transaction with an excluded person, unless the U.S. Agency for International Development grants an exception under § 208.120.
(b)
You may not enter into any transaction with a person who is disqualified from that transaction, unless you have obtained an exception under the disqualifying statute, Executive order, or regulation.