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Conflict of Interest

Procurement

View Official Policy: Conflict of Interest Policy

With some exceptions (see the Procedures section below) it is unlawful for any employee of the University of Georgia to transact business with the University or any other institution of the University System of Georgia or the Board of Regents. Employees are forbidden by law from acting for themselves, on behalf of any third party, or on behalf of any business in which the employee or a spouse or dependent of the employee has a substantial interest. It is also unlawful for a business in which an employee or spouse or dependent of the employee has a substantial interest to transact business with the University. Substantial interest is defined as direct or indirect ownership of more than 25% of the stock or assets of the business. The term "transact any business" includes the sale or lease of any personal property, real property or services, or the purchase of any surplus real or personal property. An employee or business which violates the conflict of interest statute is subject to being removed from employment, fined an amount not to exceed $10,000.00, and required to reimburse the state for funds received because of the violation.

Responsibilities

Responsible University Senior Administrator: Vice President for Finance & Administration 

Policy Owner: Procurement 

Policy Contact: Annette Evans 

Phone Number: 706-542-2361

Responsibilities: Except for transactions when the amount of a single transaction does not exceed $250.00 and the aggregate of all such transactions does not exceed $9,000.00 per calendar year, public officials and employees and businesses in which such officials or employees or their spouses or dependents have a substantial interest must disclose annually transactions with the State of Georgia or any other of the State, including the University System of Georgia.

Date Issued: 01/01/2016

Last Reviewed/Updated: