Common use of Preventing Conflict of Interest Clause in Contracts

Preventing Conflict of Interest. 7.1 The Grantee shall take every reasonable course of action to maintain integrity in the expenditure of these public funds and to avoid favoritism and questionable or improper conduct. 7.2 The Grantee shall administer this award in an impartial manner, free from efforts to gain personal, financial, or political benefit, tangible or intangible. The Grantee and its executive staff and employees, while administering this grant award shall avoid situations which 7.3 The Grantee assures that no member of its governing body shall participate in any decision relating to any sub-contract which affects his/her personal pecuniary interest or the interests of any: 7.3.1 employees or sub-contractors of the Grantee; or 7.3.2 persons who exercise any function or responsibility in the review or approval of the undertaking or carrying out of this grant award. 7.4 The Grantee shall maintain on file, and make available for inspection by the Agency, a statement submitted by each Grantee employee, sub-contractor, or governing body member disclosing any interest, fact or circumstance which does or may present a potential conflict of interest. Such conflict of interest disclosure statements shall be updated as circumstances require, but at least annually.

Appears in 3 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement