[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

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

[CITE: 14CFR1274.503]



[Page 480]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1274_COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS--Table of Contents

 

                  Subpart 1274.5_Procurement Standards

 

Sec. 1274.503  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, 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.