色虎视频

11.02.8 Procedure When Contracting

When it is proposed that the University enter into 1) contracts for the sale of goods or services, or 2) research contracts or grants, or 3) other contracts, with private firms or corporations in which a Curator, officer, faculty member, employee or volunteer knows he/she has a direct or indirect financial interest, the following procedure shall be followed.

Before the proposed contract is executed by the University, the University, Curator, officer, faculty member, employee or volunteer shall make a full disclosure of such financial interest, in writing, to the official having contract approval authority. This disclosure shall also be filed with the Secretary of the Board of Curators for public scrutiny for a period of at least ten (10) days prior to the approval of the contract.

If there is a change in the financial interests of a Curator, officer, faculty member, employee or volunteer during the term of the contract, the change shall be reported immediately, in writing, and forwarded to the official having contract approval authority, and shall also be filed as required above.

If the financial interest of the Curator, officer, faculty member, employee or volunteer in the private firm or corporation is such that it could influence the decision-making process of the private firm or corporation, and such person could also influence the decision-making process of the University in entering into or performing the contract:

1. The University shall not enter into the contract, or shall cancel the contract, if the terms of the contract so permit; or

2. The Board of Curators, the Curators, officer, faculty member, employee or volunteer shall take such action as is necessary to remove him/her from a relationship with the private firm or corporation that could influence the decision-making process of the private firm or corporation; or

3. The University shall establish a procedure to remove any opportunity for the University employee or volunteer to influence the entering into the contract by the University or the manner in which the contract is performed by the University.

Effective Date

Approved by Board of Curators: January 15, 2026