StacksVerified U.S. regulatory reference

2 CFR §180.995

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
Principal means:
  1. (a)An officer, director, owner, partner, principal investigator, or another person within a participant with management or supervisory responsibilities related to a covered transaction; or
  2. (b)A consultant or other person, whether or not employed by the participant or paid with Federal funds, who:
    1. (1)Is in a position to handle Federal funds;
    2. (2)Is in a position to influence or control the use of those funds; or,
    3. (3)Occupies a technical or professional position capable of substantially influencing the development or outcome of an activity required to perform the covered transaction.