Timing:
- Required prior to proposal submission and at least annually for the duration of the award
- Positive disclosures (Investigators with significant financial interests) are reviewed prior to the release of the award and at least annually for the duration of the award
Applies to: All Investigators are required to disclose their significant financial interests.
"Investigator(s)" include the project director or principal investigator and any other person, regardless of title or position, who is responsible for the design, conduct, or reporting of research funded by PHS, or proposed for such funding, which may include, for example, collaborators or consultants.
What to disclose:
"Significant financial interests" (foreign and domestic) of Investigator, Investigator's spouse/registered domestic partner, and dependent children related the Investigator's Institutional Responsibilities includes the following:
- Total income or payment of services received over the past 12 months and/or equity interest (includes any stock, stock option, or other ownership interest, as determined through reference to public prices or other reasonable measures of fair market value) in a publicly traded entity exceeding $5,000 when aggregated
- Total income or payment of services received over the past 12 months from a non-publicly traded entity exceeding $5,000
- Any equity interest (includes any stock, stock option, or other ownership interest) in a non-publicly traded entity
- Total payments received over the past 12 months for any intellectual property rights and interests (e.g., patent , copyright, assigned or licensed to a party other than the Regents) exceeding $5,000
- Any reimbursed or sponsored travel
The term "Significant Financial Interest" does not include: salary, royalties, or other remuneration paid by the UCM to the Investigator if the Investigator is currently employed or otherwise appointed by the UCM, including intellectual property rights assigned to the UCM and agreements to share in royalties related to such rights; income from investment vehicles, such as mutual funds and retirement accounts, as long as the Investigator does not directly control the investment decisions made in these vehicles; income from seminars, lectures, or teaching engagements sponsored by a US federal, state, or local government agency, an institution of higher education as defined at 20 U.S.C. 1001(a) within the US, an academic teaching hospital, a medical center, or a research institute that is affiliated with an institution of higher education; or income from service on advisory committees or review panels for a US federal, state, or local government agency, an institution of higher education as defined at 20 U.S.C. 1001(a) within the US, an academic teaching hospital, a medical center, or a research institute that is affiliated with an institution of higher education. All significant financial interests from a foreign entity (governmental, non-profit, for-profit, etc.) must be disclosed.
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