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Please Note: The
Addendum to Investigator's Statement of Economic Interests is required
when a Principal Investigator (PI), Co-Principal Investigator, or Key
Personnel have disclosed a financial interest on the 700-U form or the
9510 form.
Please
Note: For UC Discovery Grant Program, the Principal Investigators
(PI) and Co-Principal Investigators (Co-PI) must submit both
the 700-U form and the 9510 form. Other Investigators on UC Discovery
Grants must submit the 9510 form only, and not
the 700-U. |
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What is the 700-U form?
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The 700-U form is the...
Changes to Form 700-U:
In July 2005, the State of California's Fair Political
Practices Commission issued a revised Statement of Economics Interests
(700-U) form. The revised form eliminates the need for a completion statement
and adds a separate entry line for renewal funding. In addition, the 700-U Instructions now include a Privacy Information
Notice with reference to the requirements of the Political Reform Act.
Please Note: The State of California
700-U form, differs from the Federal 9510 form, which require, in addition
to the Principal Investigator and Co-Principal Investigator, Other Investigators
and Key and Other Personnel to disclose economic interests related to
Federally-Sponsored projects. |
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When
is the 700-U form required?
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The 700-U
form is required for...
Non-Federal Sponsored
Projects, which include; Gifts Private Grants For Profit Contracts, which include;
Research Agreements UC Discovery Grant Program, which includes;
bio - Biotechnology com - Communications and Networking dig - Digital Media ele - Electronics Manufacturing and New
Materials itls - Information Technology for Life
Sciences MICRO - Microelectronics Please
Note: The 9510 form
is also required when submitting a proposal to any UC Discovery Grant
Program listed above.
Material Transfer Agreements (MTA); please
fill out the appropriate Material Transfer
Process form first, before proceeding with the 700-U, as the 700-U
may not be required. Clinical Trial Agreements Lab Service Agreements
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When
is the 700-U not required?
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The 700-U form is not required for...
Researchers other
than the PI or Co-PI Non Profit entities
on the State Exempt List, which includes all Non
Profit tax exempt educational institutions. |
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Why
is the 700-U form required?
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The 700-U form is required by...
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Who
is required to submit a 700-U form?
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Individuals required to submit the 700-U
form include...
Principal Investigators (PI) - A UCSD employee,
normally an academic appointee, who has primary responsibility for the
scientific and technical conduct, reporting, fiscal, and programmatic
administration of a sponsored project. Co-Principal Investigators (Co-PI) - One of two
or more UCSD Investigators who share responsibility for the scientific
and technical conduct, reporting, fiscal, and programmatic administration
of a sponsored project.
For UC Discovery Grant Program...
...must
submit both the 700-U form and
the 9510 form.
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What financial interests need to be disclosed
on the 700-U form?
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The term financial interest is applicable
for an investigator, the investigator’s spouse, the investigator's registered
domestic partner, and/or dependent children and must include the following
disclosures...
Holding a position as director, officer, partner,
trustee, employee of or any other position of management in the sponsor
or donor. Income received from the sponsor or donor of $500 or more. Reportable
income includes salary, consulting payments, honoraria, royalty payments,
dividends, or any other payments or consideration with value, including
payments made to the University of California Health Sciences Compensation
Plans. A direct or indirect equity interest in the sponsor
or donor of $2,000
or more. Reportable
investments include, stocks, bonds, warrants, and options, including those
held in margin or brokerage accounts. Receipt or promise of personal gifts from the
sponsor aggregating $50 or more
in value. A
gift is reportable if its fair market value is $50 or more. In addition,
multiple gifts totaling $50 or more received from a single source must
be reported. A loan received or outstanding totaling $500 or more from a single lender. Reportable
loans include community property interest in loans received by a spouse. Payments for transportation outside of California
are reportable and any travel payments received from the sponsor or donor.
Reportable
travel payments include advances and reimbursements for travel and related
expenses, including lodging and meals. |
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What financial interests do not need to be disclosed
on the 700-U form?
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Financial interests that do not need to be
disclosed include..
Travel payments received from any state, local,
or federal government agency for which you provided services equal or
greater in value than the payments received. Travel payments received from your employer in
the normal course of your employment. Payments or reimbursements for transportation
within California in connection with an event at which you gave a speech,
participated in a panel or seminar, or performed a similar service. Food, beverages, and necessary accommodations
received directly in connection with an event held inside or outside California
at which you gave a speech, participated in a panel, or provided a similar
service. A travel payment which was received from a Non
Profit entity exempt from taxation under IRS Code section 501(c)(3) for
which you provided equal or greater consideration. Check the box, on the
700-U form Section 3, part F, to indicate if the payment was a gift or
income, report the amount, and disclose the date(s) if applicable. |
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When
must I submit the 700-U form?
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The 700-U
form is submitted...
At the time of submission
for any contract or grant proposal or proposal for gift funding. Prior to final acceptance
of a contract, grant, or gift. When funding is renewed. Any time a change
of investigator is made, which could include; a change of PI or the addition
of a Co-PI to the project. Whenever an investigator
has a change in reportable financial interests during the term of an award
for which disclosure is required. Within 90 days after
completion, in the case of a contract or grant, or after funds have been
expended, as in the case of a gift. |
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Where
do I submit the 700-U form?
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All required disclosure forms must be completed
and submitted with the funding proposal to the appropriate reviewing office...
OCGA - Office of Contract and Grant Administration,
for Research Agreements and Private Grants, such as UC Discovery Grant
Program and Material Transfer Agreements for General Campus and Health
Sciences. SIO - Scripps Institution of Oceanography, Contract
& Grant Office for research agreements at SIO. Health Sciences Office of Clinical Trial Administrative
Services for clinical trial agreements. Health Sciences Legal Liaison for lab service
agreements. Office of Gift Administration for unrestricted
gifts.
Please Note: An original signature
is always preferred, however faxed signatures will be accepted. |
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What
happens after the 700-U form is submitted?
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After the 700-U form is submitted...
The form is sent to the appropriate proposal
reviewing office. The proposal reviewing office sends the form to
the Conflict of Interest (COI) Office. If no financial interest exists, then 700-U form
is approved. This is referred to as a Negative
Disclosure. The COI Office informs the proposal
reviewing office to release funds upon receipt of the award. If a financial interest exists, this is referred
to as a Positive Disclosure: The COI Office informs the proposal
reviewing office to hold funds until the disclosure is reviewed by
the Independent Review
Committee (IRC) on Conflict of Interest. The COI Office requests the PI and Co-PI complete
the Addendum to Investigator's Statement of Economic
Interests form. Additional information may be required from the
PI and/or Co-PI to be sent to the COI Office. For example; a
copy of the Consulting Agreement must be provided.
Keep in mind that once the disclosure of financial interests forms have
been submitted, they can be made available, upon request, to the public,
under the California Public Records Act. |
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What
is the Independent Review Committee's (IRC) review process?
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The IRC
review process includes the following actions...
Reviews disclosure
forms on a monthly basis. May request PI/Co-PI
to make changes in their financial relationship with company or donor.
For further detail information regarding the IRC, click
here. Makes written recommendations to the Chancellor
to manage, eliminate and/or reduce conflict of interest. Chancellor executes
a letter after this review and concurrence with IRC’s recommendations. The COI Office sends
copies of Chancellor’s concurrence letter to PI, Department Chair and
others, as appropriate. COI Office informs
the reviewing office that the award may be accepted, as appropriate. |
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Is
there an appeal process to the IRC's recommendations?
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If the Investigator does
not agree with the IRC’s recommendations…
The
Investigator will contact the IRC. The
investigator will also be asked to discuss this matter with their Dean
and/or Vice Chancellor to implement the IRC’s requests recommendations
or to suggest an acceptable alternative to manage the conflict of interest. The
IRC will meet with the Dean and/or Vice Chancellor to discuss the matter. If
all attempts to mediate the conflict of interest situation have not been
successful, and the PI or Researcher is still not in agreement with the
recommendations made by the IRC, the IRC will then recommend that funding
for the project not be accepted and forward this recommendation to the
Chancellor for concurrence. If
the PI does not concur with the IRC's recommended management strategies
even after this process, the PI can appeal the decision to the Chancellor
for review. |
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What happens if I am required to submit the 700-U
form and do not?
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The University states...
Failure to file the required Statement of Economic
Interests or failure to report a financial interest may subject the individual
to civil liability, including fines, as well as University discipline
(Government Code sections 81000-91014). |
