[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR3.101-1]



[Page 41]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 3_IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST--Table of Contents

 

                         Subpart 3.1_Safeguards

 

Sec. 3.101-1  General.



    Government business shall be conducted in a manner above reproach 

and, except as authorized by statute or regulation, with complete 

impartiality and with preferential treatment for none. Transactions 

relating to the expenditure of public funds require the highest degree 

of public trust and an impeccable standard of conduct. The general rule 

is to avoid strictly any conflict of interest or even the appearance of 

a conflict of interest in Government-contractor relationships. While 

many Federal laws and regulations place restrictions on the actions of 

Government personnel, their official conduct must, in addition, be such 

that they would have no reluctance to make a full public disclosure of 

their actions.