Suspension.

2 C.F.R. § 1108.370
in effectEffective: 2024-07-01
Sign in to generate a plain English summaryAsk Belisarius Agent
Suspension means either: (a) When used in the context of a specific award or subaward, the temporary withdrawal of authority for that recipient or subrecipient to obligate funds under the award or subaward, pending its taking corrective action or a decision to terminate the award or subaward. (b) When used in the context of an entity, an action by a DoD Component's suspending official under 2 CFR part 1125, DoD's regulation implementing OMB guidance on nonprocurement debarment and suspension in 2 CFR part 180, to immediately exclude the entity from participating in covered Federal Government transactions, pending completion of an investigation and any legal or debarment proceedings that ensue.

Starting a business? Corpus forms LLCs in all 50 states and DC.