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22 <br /> adopted a conflict of interest policy that satisfies the requirements of 2 C.F.R. § <br /> 200.318(c)(1),2 C.F.R. § 200.318(c)(2),and all other applicable federal regulations. <br /> b. Obligation to Disclose Subrecipient Conflicts of Interest. The COI Point of Contact shall <br /> ensure that the legal agreement under which the Unit makes a Subaward to a Subrecipient <br /> shall require such Subrecipient to disclose to the COI Point of Contact any potential real <br /> or apparent conflicts of interest that the Subrecipient identifies. Upon receipt of such <br /> disclosure, the COI Point of Contact shall disclose such information to the Federal <br /> awarding agency that funded the Subaward in accordance with that agency's disclosure <br /> policy. <br /> VI. Gift Standards <br /> a. Federal Standard. Subject to the exceptions set forth in Section VI(b),a Covered Individual <br /> may not solicit or accept gratuities,favors,or anything of monetary value from a Contractor <br /> or a Subcontractor. <br /> b. Exception. Notwithstanding Section VI(a),a Covered Individual may accept an unsolicited <br /> gift from a Contractor or Subcontractor of one or more types specified below if the gift has <br /> an aggregate market value of $20 or less per source per occasion, provided that the <br /> aggregate market value of all gifts received by the Covered Individual pursuant to this <br /> Section VIM does not exceed$50 in a calendar year: <br /> i. honorariums for participating in meetings; <br /> ii. advertising items or souvenirs of nominal value; or <br /> iii. meals furnished at banquets. <br /> c. Internal Reporting. A Covered Individual shall report any gift accepted under Section <br /> VI(b)to the COI Point of Contact. If required by regulation of a Federal awarding agency, <br /> the COI Point of Contact shall report such gifts to the Federal awarding agency or a Pass- <br /> Through Entity for which the Unit is a Subrecipient. <br /> VII. Violations of Policy <br /> a. Disciplinary Actions for Covered Individuals. Any Covered Individual that fails to <br /> disclose a real,apparent,or potential real or apparent conflict of interest arising with respect <br /> to the Covered Individual or Related Party may be subject to disciplinary action,including, <br /> but not limited to,an employee's termination or suspension of employment with or without <br /> pay, the consideration or adoption of a resolution of censure of a Public Official by the <br /> Governing Board, or termination of an agent's contract with the Unit. <br /> b. Disciplinary Actions for Contractors and Subcontractors. The Unit shall terminate any <br /> Contract with a Contractor or Subcontractor that violates any provision of this Policy. <br /> 7 <br />