PARRIS N. GLENDENING, Governor                             Ch. 406

(3) guidelines to ensure that sponsored research or development does not
give improper advantage to an entity because of its affiliation or involvement with a
faculty member.]

(1)     REQUIRE DISCLOSURE OF ANY INTEREST IN OR EMPLOYMENT BY
OR OTHER RELATIONSHIP WITH AN ENTITY FOR WHICH AN EXEMPTION UNDER
THIS SECTION IS CLAIMED, ON A FORM FILED WITH THE ETHICS COMMISSION AND
MAINTAINED AS A PUBLIC RECORD AT THE EDUCATIONAL INSTITUTION;

(2)     REQUIRE REVIEW OF ALL DISCLOSURES BY A DESIGNATED
OFFICIAL, WHO SHALL DETERMINE WHAT FURTHER INFORMATION MUST BE
DISCLOSED AND WHAT RESTRICTIONS SHALL BE IMPOSED BY THE EDUCATIONAL
INSTITUTION TO MANAGE, REDUCE, OR ELIMINATE ANY ACTUAL OR POTENTIAL
CONFLICT OF INTEREST;

(3)     INCLUDE GUIDELINES TO ENSURE THAT INTERESTS AND
EMPLOYMENT FOR WHICH AN EXEMPTION UNDER THIS SECTION IS CLAIMED DO
NOT IMPROPERLY GIVE AN ADVANTAGE TO ENTITIES IN WHICH THE INTERESTS OR
EMPLOYMENT ARE MAINTAINED, LEAD TO MISUSE OF INSTITUTION STUDENTS OR
EMPLOYEES FOR THE BENEFIT OF ENTITIES IN WHICH THE INTERESTS OR
EMPLOYMENT ARE MAINTAINED, OR OTHERWISE INTERFERE WITH THE DUTIES
AND RESPONSIBILITIES OF THE EXEMPT OFFICIAL OR EMPLOYEE;

(4)     REQUIRE APPROVAL BY THE PRESIDENT OF THE EDUCATIONAL
INSTITUTION OF ANY INTEREST OR EMPLOYMENT FOR WHICH AN EXEMPTION IS
CLAIMED UNDER THIS SECTION; AND

(5)     REQUIRE APPROVAL BY THE GOVERNING BOARD OF THE
EDUCATIONAL INSTITUTION IF AN EXEMPTION IS CLAIMED BY THE PRESIDENT OF
THE EDUCATIONAL INSTITUTION:

(D) POLICIES AND PROCEDURES ADOPTED PURSUANT TO THIS SECTION MAY
PROVIDE FOR PERIODIC CONSULTATION WITH THE DEPARTMENT OF BUSINESS AND
ECONOMIC DEVELOPMENT AND WITH FEDERAL AGENCIES THAT HAVE IMPOSED
REGULATORY REQUIREMENTS ON FEDERALLY FUNDED RESEARCH, CONCERNING
THE IMPLEMENTATION OF THIS SECTION.

[(d) (1)] (E) Except as provided in subsection [(e)] (F) of this section, [a
faculty member] A PRESENT OR FORMER OFFICIAL OR EMPLOYEE at an educational
institution may have a relationship, otherwise prohibited by this subtitle, with an entity
engaged in [sponsored] research or development, or with an entity having a direct
interest in the outcome of [sponsored] research or development, only if[:] THE
EDUCATIONAL INSTITUTION HAS ADOPTED POLICIES AND PROCEDURES IN
ACCORDANCE WITH THIS SECTION, AND THE OFFICIAL OR EMPLOYEE HAS
COMPLIED WITH THE POLICIES AND PROCEDURES.

[(i) the relationship to the entity is disclosed publicly on a form
approved by and filed with the Ethics Commission, a copy of which shall be maintained as
a public record by the educational institution; and

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