[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR105-72.502]

[Page 564-565]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
              CHAPTER 105--GENERAL SERVICES ADMINISTRATION
 
PART 105-72_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND 
 
     Subpart 105-72.50_Post-Award Requirements/Procurement Standards
 
Sec. 105-72.502  Codes of conduct.

    The recipient shall maintain written standards of conduct governing 
the performance of its employees engaged in the award and administration 
of contracts. No employee, officer, or agent shall participate in the 
selection,

[[Page 565]]

award, or administration of a contract supported by Federal funds if a 
real or apparent conflict of interest would be involved. Such a conflict 
would arise when the employee, officer, or agent, any member of his or 
her immediate family, his or her partner, or an organization which 
employs or is about to employ any of the parties indicated herein, has a 
financial or other interest in the firm selected for an award. The 
officers, employees, and agents of the recipient shall neither solicit 
nor accept gratuities, favors, or anything of monetary value from 
contractors, or parties to subagreements. However, recipients may set 
standards for situations in which the financial interest is not 
substantial or the gift is an unsolicited item of nominal value. The 
standards of conduct shall provide for disciplinary actions to be 
applied for violations of such standards by officers, employees, or 
agents of the recipient.