Home > V. Administrative, Financial, and Facilities Policies > Ch.11 - Purchasing

11.14 Conflict of Interest

(Amended Regents 3/30/11)

It is the policy of the University of Iowa to comply with state and federal law regarding purchases from "conflict of interest vendors" or "employees." A conflict of interest exists when there is a divergence between an employee's personal interests and their professional obligations to the university as an employee. Employees conducting business on behalf of the university have a responsibility to do so in a manner that is objective and ethical. The goal of all such business dealings must be to benefit the university. The university is committed to complying with applicable procurement laws and regulations, including requirements that apply to conflicts of interest, as provided by the following:

  1. Iowa Code 68B.3 and 68B.4
  2. Board of Regents Policy Manual 2.1.4F
  3. Federal Office of Management and Budget (OMB) Circular A-110