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The fair market value shall be deemed to be the value of the <br /> facilities as determined by competent appraisal conducted as <br /> soon as feasible after such withdrawal or misuse occurs� or the <br /> actual proceeds from the public sale of such property, <br /> whichever is approved by the Department. Any appraiser <br /> employed for such purposes shall be sub�ect to the prior <br /> approval of the Department. <br /> The Grantee shall keep satisfactory records with regard to the <br />� use of the facilities and submit to the Department upon request <br /> such information as is required in order to assure compliance <br /> with this Section and shall immediately notify the Department <br /> in all cases where Pro�ect facilities are used in a manner <br /> substantially different from that described in the final, <br /> approved application. The Grantee shall maintain in amount and <br /> form satisfactory to the Department such insurance or <br /> self-insurance as will be adequate to protect Pro�ect <br /> facilities throughout the period of required use. The cost of <br /> such insurance shall not be an item of allowable cost. The <br /> Grantee shall also submit to the Department, upon request, a <br /> certification that the Project facilities are still being used <br /> in accordance with the terms of this ITEM and that, if <br /> applicable, no part of any Federal or local contribution to the <br /> cost of the Project has been refunded or reduced. <br /> ITEM 9 - ETHICS <br /> The Grantee shall maintain a written code or standard of <br /> conduct which shall govern the performance of its officers, <br /> employees, board members or agents engaged in the award and <br /> administration of contracts supported by state funds. Such <br /> code shall provide that no employee, officer, board member, or <br /> agent of the Grantee may participate in the selection, award, <br /> or administration of a contract supported by state funds if a <br /> conflict of interest, real or apparent, would be involved. I <br /> Such a conflict would arise when any of the parties set forth <br /> below has a financial or other interest in the firm selected <br /> for award: <br /> (1) The officer, employee, board member, or agent; <br /> (2) Any member of his or her immediate family; <br /> (3) His or her partner; or <br /> (4) An organization that employs, or is about to employ, <br /> any of the above. <br /> The conflict of interest requirement for former officers, <br /> employees, board members and agents shall apply for one year. <br /> The code shall also provide that the Grantee's officers, <br /> employees, board members or agents shall neither solicit nor <br /> accept gratuities, favors or anything of monetary value from <br /> contractors, potential contractors, or parties to <br /> sub-agreements. <br /> 5 <br />