13 CFR 302.17 - Conflicts of interest.

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There is 1 rule appearing in the Federal Register for 13 CFR 302. View below or at eCFR (GPOAccess)
§ 302.17 Conflicts of interest.
(a) General. It is EDA's and the Department's policy to maintain the highest standards of conduct to prevent conflicts of interest in connection with the award of Investment Assistance or its use for reimbursement or payment of costs (e.g., procurement of goods or services) by or to the Recipient. A conflict of interest generally exists when an Interested Party participates in a matter that has a direct and predictable effect on the Interested Party's personal or financial interests. A conflict may also exist where there is an appearance that an Interested Party's objectivity in performing his or her responsibilities under the Project is impaired. For example, an appearance of impairment of objectivity may result from an organizational conflict where, because of other activities or relationships with other persons or entities, an Interested Party is unable to render impartial assistance, services or advice to the Recipient, a participant in the Project or to the Federal government. Additionally, a conflict of interest may result from non-financial gain to an Interested Party, such as benefit to reputation or prestige in a professional field.
(b) Prohibition on direct or indirect financial or personal benefits.
(1) An Interested Party shall not receive any direct or indirect financial or personal benefits in connection with the award of Investment Assistance or its use for payment or reimbursement of costs by or to the Recipient.
(2) An Interested Party shall also not, directly or indirectly, solicit or accept any gift, gratuity, favor, entertainment or other benefit having monetary value, for himself or herself or for another person or entity, from any person or organization which has obtained or seeks to obtain Investment Assistance from EDA.
(3) Costs incurred in violation of any conflicts of interest rules contained in this chapter or in violation of any assurances by the Recipient may be denied reimbursement.
(4) See§ 315.15 of this chapter for special conflicts of interest rules for Trade Adjustment Assistance Investments.
(c) Special rules for Revolving Loan Fund (“RLF”) Grants. In addition to the rules set forth in this section:
(1) An Interested Party of a Recipient of an RLF Grant shall not receive, directly or indirectly, any personal or financial benefits resulting from the disbursement of RLF loans;
(2) A Recipient of an RLF Grant shall also not lend RLF funds to an Interested Party; and
(3) Former board members of a Recipient of an RLF Grant and members of his or her Immediate Family shall not receive a loan from such RLF for a period of two (2) years from the date that the board member last served on the RLF's board of directors.
[71 FR 56675, Sept. 27, 2006, as amended at 73 FR 62866, Oct. 22, 2008]

Title 13 published on 2014-01-01

The following are only the Rules published in the Federal Register after the published date of Title 13.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2014-12-19; vol. 79 # 244 - Friday, December 19, 2014
    1. 79 FR 76108 - Economic Development Administration Regulatory Revision
      GPO FDSys XML | Text
      DEPARTMENT OF COMMERCE, Economic Development Administration
      Final rule.
      This rule is effective on January 20, 2015.
      13 CFR Parts 300, 301, 302, 303, 304, 305, 306, 307, 308, 310, and 314

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United States Code

Title 13 published on 2014-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 13 CFR 302 after this date.

  • 2014-12-19; vol. 79 # 244 - Friday, December 19, 2014
    1. 79 FR 76108 - Economic Development Administration Regulatory Revision
      GPO FDSys XML | Text
      DEPARTMENT OF COMMERCE, Economic Development Administration
      Final rule.
      This rule is effective on January 20, 2015.
      13 CFR Parts 300, 301, 302, 303, 304, 305, 306, 307, 308, 310, and 314