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21 <br /> writing document a justification supporting such <br /> rejection. <br /> b. If the COI Point of Contact does not identify a potential real or <br /> apparent conflict of interest relating to a proposed Contract or <br /> Subaward, the Unit may enter into the Contract or Subaward in <br /> accordance with the Unit's purchasing or subaward policy. <br /> 4. Identification After Award of Contract or Subaward. <br /> a. If the COI Point of Contact discovers that a real or apparent <br /> conflict of interest has arisen after the Unit has entered into a <br /> Contract or Subaward, the COI Point of Contact shall, as soon as <br /> possible,disclose such finding to the County Manager and to each <br /> member of the Governing Board. Upon discovery of such a real <br /> or apparent conflict of interest, the Unit shall cease all payments <br /> under the relevant Contract or Subaward until the conflict of <br /> interest has been resolved. <br /> 5. Management After Award of Contract or Subaward. <br /> a. Following the receipt of such disclosure of a potential real or <br /> apparent conflict of interest pursuant to Section IV(b)(ii)(4) , the <br /> Governing Board may reject the finding of the COI Point of <br /> Contact by documenting in writing a justification supporting such <br /> rejection. If the Governing Board fails to reject the finding of the <br /> COI Point of Contact within 15 days of receipt, the COI Point of <br /> Contact shall: <br /> i. if Unit is a Recipient of Federal Financial Assistance <br /> funding the Contract or Subaward,disclose the conflict to <br /> the Federal awarding agency providing such Federal <br /> Financial Assistance in accordance with 2 C.F.R. § <br /> 200.112 and/or applicable regulations of the agency, or <br /> ii. if Unit is a Subrecipient of Federal Financial Assistance, <br /> disclose the conflict to the Pass-Through Entity providing <br /> a Subaward to Unit in accordance with 2 C.F.R. §200.112 <br /> and applicable regulations of the Federal awarding <br /> agency and the Pass-Through Entity. <br /> V. Oversight of Subrecipient's Conflict of Interest Standards <br /> a. Subrecipients of Unit Must Adopt Conflict of Interest Policy. Prior to the Unit's execution <br /> of any Subaward for which the Unit serves as a Pass-Through Entity, the COI Point of <br /> Contact shall ensure that the proposed Subrecipient of Federal Financial Assistance has <br /> 6 <br />