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GRANTS AND CONTRACTS POLICIES AND PROCEDURES
State Board of Higher Education Policy 611.4 states "an employee of the Board may not have an interest in any contract involving the expenditure of public or institutional funds entered into by the institution that the employee serves…unless the contract is approved by the institution's chief financial officer…". The Board policy places upon us the responsibility for identifying and monitoring potential conflict of interest situations involving the expenditure of College funds. In order to monitor these situations it is necessary that employees identify on a "Conflict of Interest" form any business entity in which they have a business interest and notify Accounting Services anytime they are involved in a purchasing decision involving that entity, including preparation of product specifications.
Conflict of Interest
OMB Circular A-110 sets forth standards for obtaining consistency and uniformity among Federal agencies in the administration of grants to and agreements with institutions of higher education, hospitals, and other non-profit organizations.
Federal OMB Circular A-110
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