Indiana Code 35-44-1-3 provides that it is a Class D Felony for a University employee to benefit financially from a contract or purchase connected with the University, unless the University employee files a written disclosure statement prior to the University taking final action on the contract for purchase, which discloses the employee’s financial interest in the contract or purchase.
The disclosure statement must be approved by the Board of Trustees and filed with the Indiana State Board of Accounts.
The work performed for the University by the employee must be unrelated to the contract or purchase.
In addition, a written disclosure statement is required if the employee’s spouse and child may financially benefit from a purchase or contract of the University over which the University employee has some direct or indirect responsibility.
A Conflict of Interest Form is to be processed through the organizational structure with signatures of the responsible persons required at each level and forwarded to the Vice President for Financial Services and Government Relations.