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Common use of Related Parties Compliance Clause in Contracts

Related Parties Compliance. The Board shall comply with section 445.007(11), Florida Statutes. The Board and its employees must annually disclose to DEO’s financial monitors any conflicts of interest that may arise during the upcoming year or that did arise in the current year and was not previously disclosed. i. Prior to entering into any Related Party Contract with any Related Party, the proposed Related Party Contract must be brought before the Board for consideration and approval. The Board shall ensure that the Board member with the conflict abstains from any vote regarding the Related Party Contract. ii. If the disclosure was not made prior to the meeting because the conflict was unknown prior to the meeting, the Board shall ensure that disclosure is made at the next possible meeting after knowledge of the conflict becomes available.

Appears in 5 contracts

Samples: Subrecipient Agreement, Subrecipient Agreement, Agreement Between Careersource North Florida and the Florida Department of Economic Opportunity

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Related Parties Compliance. The Board shall comply with section 445.007(11), Florida Statutes. The Board and its employees must annually disclose to DEOCommerce’s financial monitors any conflicts of interest that may arise during the upcoming year or that did arise in the current year and was not previously disclosed. i. Prior to entering into any Related Party Contract with any Related Party, the proposed Related Party Contract must be brought before the Board for consideration and approval. The Board shall ensure that the Board member with the conflict abstains from any vote regarding the Related Party Contract. ii. If the disclosure was not made prior to the meeting because the conflict was unknown prior to the meeting, the Board shall ensure that disclosure is made at the next possible meeting after knowledge of the conflict becomes available.

Appears in 2 contracts

Samples: Grant Agreement, Subrecipient Agreement

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Related Parties Compliance. The Board shall comply with section 445.007(11), Florida Statutes. The Board and its employees must annually disclose to DEO’s financial monitors any conflicts of interest that may arise during the upcoming year or that did arise in the current year and was not previously disclosed. i. Prior to entering into any Related Party Contract with any Related Party, the proposed Related Party Contract must be brought before the Board for consideration and approval. The Board shall ensure that that: the Board member with the conflict abstains from any vote regarding the Related Party Contract. ii. If the disclosure was not made prior to the meeting because the conflict was unknown prior to the meeting, the Board shall ensure that disclosure is made at the next possible meeting after knowledge of the conflict becomes available.

Appears in 1 contract

Samples: Subrecipient Agreement

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