Common use of CFR 570 Clause in Contracts

CFR 570. 489 (h): No covered person(s) who exercise or who have exercised any functions or responsibilities with respect to activities assisted with CDBG-DR funds or who are in a position to participate in decision making process or gain inside information with regard to CDBG-DR-assisted activities may obtain financial interest or financial benefit from a CDBG-DR-assisted activity, or have a financial interest in any contract, subcontract, or agreement with respect to the CDBG-DR assisted activity or the proceeds from such activity, either for themselves or those with whom they have business or immediate family ties during their tenure or for one year thereafter. Immediate family ties include (whether by blood, marriage, or adoption) the spouse, parent (including a stepparent), child (including a stepchild), brother, sister (including a stepbrother or stepsister) grandparent, grandchild, and in-laws or a covered person. Further, no officer, employee, agent, elected official, appointed official, or consultant of a covered person may occupy a CDBG-DR-assisted affordable housing unit in the Project. For purposes of this paragraph, a “covered person” includes any person who is an employee, agent, consultant, officer, or elected or appointed official of Corporation, Subrecipient, or any designated public agency.

CFR 570. 489 (h): No covered person(s) who exercise or who have exercised any functions or responsibilities with respect to activities assisted with CDBG-DR funds or who are in a position to participate in decision making process or gain inside information with regard to CDBG-DR-assisted activities may obtain financial interest or financial benefit from a CDBG-DR-assisted activity, or have a financial interest in any contract, subcontract, or agreement with respect to the CDBG-DR assisted activity or the proceeds from such activity, either for themselves or those with whom they have business or immediate family ties during their tenure or for one year thereafter. Immediate family ties include (whether by blood, marriage, or adoption) the spouse, parent (including a stepparent), child (including a stepchild), brother, sister (including a stepbrother or stepsister) grandparent, grandchild, and in-laws or a covered person. Further, no officer, employee, agent, elected official, appointed official, or consultant of a covered person may occupy a CDBG-DR-assisted affordable housing unit in the Project. For purposes of this paragraph, a “covered person” includes any person who is an employee, agent, consultant, officer, or elected or appointed official of Corporation, Subrecipient, or any designated public agency. F. Section 3