Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.235.017 Federally Funded Research and Development Centers

(2) No DoD fiscal year 1992 or later funds may be obligated or expended to finance activities of a DoD Federally Funded Research and Development Center (FFRDC) if a member of its board of directors or trustees simultaneously serves on the board of directors or trustees of a profit-making company under contract to DoD, unless the FFRDC has a DoD-approved conflict of interest policy for its members (section 8107 of Pub.L. 102–172 and similar sections in subsequent Defense appropriations acts).