[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 34CFR74.42]



[Page 119-120]

 

                           TITLE 34--EDUCATION

 

PART 74_ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF 

HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS--Table 

of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec.  74.42  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. A 

conflict would arise when the employee, officer, or agent, any



[[Page 120]]



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 these standards by officers, employees, or 

agents of the recipient.



(Authority: 20 U.S.C. 1221e-3, 3474; OMB Circular A-110)