Cal. Code Regs. tit. 11 § 470

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 470 - Conflicts of Interests

Directors, officers, employees, and contractors of the grantee (hereinafter "officials") are under an obligation to avoid conflicts of interests in the administration of grant funds. In furtherance of this policy, officials shall not participate in a decision to expend grant funds if the expenditure would benefit:

(a) A business entity in which the official has an investment interest.

(b) An individual, business entity, or non-profit organization that is a source of income to any official or any entity that employs the official or in which the official serves in a management capacity.

(c) Any real property in which the official has an equity or leasehold interest.

(d) Any individual or entity with which the official is negotiating for, or has been promised, prospective employment.

Cal. Code Regs. Tit. 11, § 470

1. New section filed 5-6-2002 as an emergency; operative 5-6-2002 (Register 2002, No. 19). A Certificate of Compliance must be transmitted to OAL by 9-3-2002 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 5-6-2002 order, including amendment of section, transmitted to OAL by 8-30-2002 and filed 10-10-2002 (Register 2002, No. 41).
3. Change without regulatory effect amending subsection (b) filed 12-6-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 50).

Note: Authority cited: Section 13825.3(c), Penal Code. Reference: Section 13825.4, Penal Code.