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Why are there separate procedures for disclosing financial interests under awards from non-governmental entities (profit and non-profit) and government agencies?

April 26, 2017awards disclosing entities financial non-governmental non-profit procedures profit separate

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Why are there separate procedures for disclosing financial interests under awards from non-governmental entities (profit and non-profit) and government agencies?

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There are separate State of California laws and Federal regulations each with its own set of requirements for disclosure and review, and its own reporting thresholds.