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,. �. . <br /> -5- <br /> ITEM 5 - ETHICS <br /> The Grantee shall maintain a written code or standard of <br /> conduct which shall govern the performance of its officers, <br /> employees or agents engaged in the award and administration of <br /> contracts supported by federal or State funds. Such code shall <br /> provide that no employee, officer or agent of the Grantee shall <br /> participate in the selection, or in the award or administration of a <br /> contract supported by federal or State funds if a conflict of <br /> interest, real or apparent �ould be involved. Such a conflict would <br /> arise when any of the parties set forth below has a financial or <br /> other interest in the firm selected for award: <br /> 1. the employee, officer or agent; <br /> 2. any member of his immediate family; <br /> 3. his or her partner; or <br /> 4. an organization which employs, or is about to employ, any of , <br /> the above. I <br /> The code shall also provide that the Grantee's officers, employees �I <br /> or agents shall neither solicit nor accept gratuities, favors or I�, <br /> anything of monetary value from contractors� potential contractors� ', <br /> or parties to sub-agreements. I' <br />