45 CFR 74.42 : Public Welfare (Section 1.1 To Parts 2556-2599) — Department Of Health And Human Services (Parts 1 - 199) (Section 1.1 To Parts 171-199) — General Administration (Parts 1 - 100) (Section 1.1 To Section 100.13) — Uniform Administrative Requirements For Awards And Subawards To Institutions Of Higher Education... (Appendix A To Part 74 To Section 74.91) — Post-Award Requirements (Section 74.20 To Section 74.62) — Financial And Program Management (Part 74) (Section 74.20 To Section 74.62) — 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, or 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, employers, or agents of the recipients.