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Excerpts from State Law and University RegulationsWhat is a Conflict of Interest? Policy on Conflicts of Commitment and Interest What is a Conflict of Commitment? Policy on Conflicts of Commitment and Interest Excerpts from State Law and University Regulations 110, Illinois Compiled Statutes (ILCS) 200/1 No person employed by the University shall have any interests incompatible with that person’s obligations to the University. The University of Illinois Statutes, (Article IX, Section 5b) The responsibilities to the University of full-time members of the academic staff are fulfilled by the performance, appropriate to rank and terms of appointment, of teaching, scholarly research, continuing education and public service, and committee work and special assignments. Such staff members may carry on some professional or business activities of an income producing character, so long as such activities are compatible and not in conflict with University interests. The head of the department of which the employee is a member should know and approve of these activities outside the University. The University of Illinois Statutes, (Article IX, Section 5d) 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 his designee. Documentation of such approval shall be filed with the contract. The General Rules Concerning University Organization and Procedure, (Article II, Section 4d) |
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