# 24 C.F.R. § 401.311 (2026): Standards of conduct > Federal · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_311 ## Section - **Citation:** 24 C.F.R. § 401.311 (2026) - **Heading:** Standards of conduct - **Jurisdiction:** Federal - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Title 24 CFR: Housing and Urban Development / Chapter IV: OFFICE OF HOUSING AND OFFICE OF MULTIFAMILY HOUSING ASSISTANCE RESTRUCTURING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT / Part 401: MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET) / Subpart B: Participating Administrative Entity (PAE) and Portfolio Restructuring Agreement (PRA) / § 401.311: § 401.311 Standards of conduct. ## Text (a) Minimum ethical standards for PAEs. In connection with the performance of any PRA and during the term of such PRA, a PAE or other restricted person (as defined in § 401.310) may not: (1) Solicit for itself or others favors, gifts, or other items of monetary value from any person who is seeking official action from HUD or the PAE in connection with the PRA or has interests that may be substantially affected by the restricted person's performance or nonperformance of duties to HUD; (2) Use improperly (or allow the improper use of) HUD property or property over which the restricted person has supervision or charge by reason of the PRA; (3) Use its status as PAE for its own benefit, or the financial or business benefit of a third party, except as contemplated by the PRA; or (4) Make any unauthorized promise or commitment on behalf of HUD. (b) 18 U.S.C. 201. Pursuant to 18 U.S.C. 201, whoever acts for or on behalf of HUD in connection with the matters covered by this part is deemed to be a public official. Public officials are prohibited from soliciting or accepting anything of value in return for being influenced in the performance of official actions. Violators are subject to criminal sanctions. (c) 18 U.S.C. 1001. Pursuant to 18 U.S.C. 1001, whoever knowingly and willingly falsifies a material fact, makes a false statement or utilizes a false writing in connection with a PRA is subject to criminal sanctions. Other Federal civil statutes also apply to making false statements to the United States. (d) 18 U.S.C. 207. Former Federal Government employees are subject to the prohibitions in 18 U.S.C. 207. ## Nearby sections - [24 C.F.R. § 401.200 (2026) § 401.200 Who may be a PAE?](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_200.md) - [24 C.F.R. § 401.201 (2026) § 401.201 How does HUD select PAEs?](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_201.md) - [24 C.F.R. § 401.300 (2026) § 401.300 What is a PRA?](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_300.md) - [24 C.F.R. § 401.301 (2026) § 401.301 Partnership arrangements.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_301.md) - [24 C.F.R. § 401.302 (2026) § 401.302 PRA administrative requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_302.md) - [24 C.F.R. § 401.303 (2026) § 401.303 PRA indemnity provisions for SHFAs and HAs.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_303.md) - [24 C.F.R. § 401.304 (2026) § 401.304 PRA provisions on PAE compensation.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_304.md) - [24 C.F.R. § 401.309 (2026) § 401.309 PRA term and termination provisions; other provisions.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_309.md) - [24 C.F.R. § 401.310 (2026) § 401.310 Conflicts of interest.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_310.md) - [24 C.F.R. § 401.311 (2026) § 401.311 Standards of conduct.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_311.md) - [24 C.F.R. § 401.312 (2026) § 401.312 Confidentiality of information.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_312.md) - [24 C.F.R. § 401.313 (2026) § 401.313 Consequences of PAE violations; finality of HUD determination.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_313.md) - [24 C.F.R. § 401.314 (2026) § 401.314 Environmental review responsibilities.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_314.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_311. Check the current official text before relying on it. Not legal advice.