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CAP-10-962-ARR.4, Contract No. 4021 <br /> G. Obliqations After Proiect Close-Out-A Grantee that is a governmental entity agrees that project <br /> close-out will not alter its property management obligations set forth in this Agreement and as <br /> required by 49 CFR Parts 18.31 and 18.32. <br /> H. Encumbrance of Proiect Property- Unless expressly authorized in writing by the Government, the <br /> Grantee agrees to refrain from: <br /> 1. Executing any transfer of title, lease, lien, pledge, mortgage, encumbrance, contract, grant <br /> anticipation note, alienation, or other obligation that in any way would affect the Government <br /> interest in any of the Project Facilities; or <br /> 2. Obligating itself in any manner to any third party which could result in an encumbrance of <br /> any of the Project Facilities. <br /> I. Insurance Proceeds- If the Grantee receives insurance proceeds as a result of damage or <br /> destruction to the Project Facilities, the Grantee agrees to(i) apply those insurance proceeds to <br /> the cost of replacing the damaged or destroyed Project Facilities, or(ii) return to the Department <br /> an amount equal to the remaining Government interest in the damaged or destroyed Project <br /> Facilities. <br /> ITEM 10 -ETHICS <br /> A. Code of Conduct <br /> 1. Personal Conflict of Interest-The Grantee shall maintain a written code or standard of <br /> conduct which shall govern the performance of its employees, officers, board members or <br /> agents engaged in the award and administration of contracts supported by federal or state <br /> funds. Such code shall provide that no employee, officer, board member, or agent of the <br /> Grantee may participate in the selection, award, or administration of a contract supported by <br /> federal or state funds if a conflict of interest, real or apparent, would be involved. Such a <br /> conflict would arise when any of the parties set forth below has a financial or other interest in <br /> the firm selected for award: <br /> a. The employee, officer, board member, or agent; <br /> b. Any member of his or her immediate family; <br /> c. His or her partner; or <br /> d. An organization that employs, or is about to employ, any of the above. <br /> The conflict of interest restriction for former employees, officers, board members and agents <br /> shall apply for one year. <br /> The code shall also provide that the Grantee's employees, officers, board members or <br /> agents shall neither solicit nor accept gratuities, favors or anything of monetary value from <br /> contractors, potential contractors, or parties to sub-agreements. The Department may waive <br /> the prohibition contained in this subsection, provided that any such present employee, <br /> officer, board member, or agent shall not participate in any action by the Grantee or the <br /> locality relating to such contract, subcontract, or arrangement. <br /> State/Federal Capital Grant Page 12 <br />