Repository: UIHistories Project: Board of Trustees Minutes - 1994 [PAGE 515]

EXTRACTED TEXT FROM PAGE:

1996]

UNIVERSITY OF ILLINOIS

503

"Procurement contracts involving expenditures of University funds are governed by Regulations Governing Procurement and Bidding at State Systems Universities in Illinois as adopted and amended from time to time by the Board of Trustees. Other University contracts may be awarded to any business entity, including those in which a University officer or employee (or members of their immediate families) serve as major officers or primary employees thereof, or hold a significant equity interest therein, if such contract is deemed in the best interests of the University, and has the approval of the President or the President's designee. Documentation of such approval shall be filed with the contract" (Article II, Section 4(d) of the General Rules); and "Employees engaged in external consulting work or business are responsible for ensuring that agreements emanating from such work are not in conflict with University Policy or with the University's contractual commitments. Such employees should make their University obligations known to others with whom they make such agreements and should provide other parties to such agreements with a statement of University policies on inventions and discoveries" (Article III., Section 1(g)(3) of the General Rules). State Law 110 Illinois Compiled Statutes (ILCS) 100/1 No full time member of the faculty of any State-supported institution of higher learning may undertake, contract for or accept anything of value in return for research or consulting services for any person other than that institution on whose faculty he serves unless (a) he has the prior written approval of the President of that institution, or a designee of such President, to perform the outside research or consulting services, such request to contain an estimate of the amount of time which will be involved, and (b) he submits to the President of that institution or such designee, annually, a statement of the amount of actual time he has spent on such outside research or consulting services. Federal Regulations Current regulations include those from the National Science Foundation and proposed regulations from the Department of Health and Human Services. Federal Register, Vol. 59, No. 123/Tuesday, June 28, 1994 (pages 33308-33312) and Federal Register, Vol. 60, No. 132, Tuesday, July 11, 1995 (pages 3582035823). T h e National Science Foundation (NSF) Investigator Financial Disclosure Policy has the following primary features: A. A requirement that any NSF grantee employing more than fifty persons maintain "an appropriate written and enforced policy on conflict of interests." B. Minimum requirements for what must be in an institution's policy. These include (a) limited and targeted financial disclosure, (b) designation of a person(s) to review the disclosures and resolve actual or potential problems revealed, (c) enforcement mechanisms, and (d) arrangements for informing NSF of conflict issues that are not resolved to the satisfaction of the institution. Federal Register, Vol. 60, No. 132 Tuesday, July 11, 1995 (pages 35810-35819) T h e Public Health Service (PHS) issued rules requiring Institutions that apply for research funding from the PHS to assume responsibility for ensuring that the financial interests of the employees of the Institution do not compromise the objectivity with which such research is designed, conducted, or reported.