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U. Conflict of Interest <br /> 1. Conflict of Interest in Procurement <br /> a. Applicability <br /> In the procurement of supplies, equipment, construction, and services by the <br /> Agency, the conflict of interest provisions in 24 CFR §§ 85.36 shall apply. In all <br /> cases not governed by 24 CFR § 85.36, the provisions of 24 CFR § 92.356 and <br /> this section shall apply. <br /> b. Conflicts Prohibited <br /> No persons described in paragraph (c) of this section who exercise or have <br /> exercised any functions or responsibilities with respect to activities assisted with <br /> HOME funds or who are in a position to participate in a decision making process <br /> or gain inside information with regard to these activities, may obtain a financial <br /> interest or benefit from a HOME-assisted activity, or have an interest in any <br /> contract, subcontract or agreement with respect thereto, or the proceeds <br /> thereunder, either for themselves or those with whom they have family or business <br /> ties, during their tenure or for one (1) year thereafter. <br /> c. Persons Covered <br /> The conflict of interest provisions of paragraph (b) of this section apply to any <br /> person who is an employee, agent, consultant, officer, or elected official or <br /> appointed official of the Agency. <br /> d. Exceptions: Threshold Requirements <br /> Upon the written request of the City, HUD may grant an exception to the provisions <br /> of paragraph (b) of this section on a case-by-case basis when it determines that <br /> such an exception will serve to further the purposes of the HOME Program and the <br /> effective and efficient administration of the City's HOME activities. The County, on <br /> behalf of the City, may submit to HUD for its consideration a request for an <br /> exception only after the Agency has provided to the City the following: <br /> 1) A disclosure of the nature of the conflict, accompanied by an assurance that <br /> there has been public disclosure of the conflict and a description of how the <br /> public disclosure was made; and <br /> 2) An opinion of the Agency's attorney that the interest for which the exception <br /> is sought would not violate state or local law. <br /> Loan Agreement <br /> Housing Hope Properties <br /> Page 14 of 51 <br />