|CONFLICT OF INTEREST: PROJECT DIRECTOR/INVESTIGATOR FINANCIAL DISCLOSURE POLICY
|FEDERAL REGULATION 60 FR 35820|
Each project director/investigator of a National Science Foundation (NSF) funded grant must disclose all significant financial interests of the project director/investigator: (a) that would reasonably appear to be affected by the research or educational activities funded or proposed for funding; or (b) in entities whose financial interests reasonably appear to be affected by such activities. This disclosure must be made in a written statement to the Director of Development. All significant financial interests also include those of the project director/investigator's spouse and dependent children.
Significant financial interests mean anything of monetary value and include, but are not limited to, salary or other payments for services, equity interests, and intellectual property rights from sources other than Trident Technical College. In the case of salary or other payments for services, TTC procedure 8-14-1, Secondary Employment, must be followed.
The project director/investigator must submit the required disclosure of significant financial interests as defined above at the time the proposal is submitted to the Director of Development. The Director reviews the financial disclosure, determines whether a conflict of interest exists, determines what conditions or restrictions, if any, should be imposed by the institution to manage, reduce, or eliminate such conflict of interest. A conflict of interest exists when the Director reasonably determines that a significant financial interest could directly and significantly affect the design, conduct, or reporting of NSF funded research or educational activities.
If a conflict of interest is determined to exist in the case of secondary (dual) employment, the Director advises the project director/investigator and the Human Resources office and any necessary actions as outlined in TTC procedure 8-14-1, Secondary Employment, will be taken.
All financial disclosures and records of all actions taken to resolve conflicts of interest must be maintained for at least three years beyond the termination or completion of the grant to which they relate, or until the resolution of any NSF action involving those records, whichever is longer. If the College can not satisfactorily resolve a conflict, the College's Vice President for Advancement will so inform the NSF Office of General Counsel.
The project director/investigator must update the disclosure on an annual basis or as new reportable significant financial interests are obtained.
Updated August 25, 2010