(d)

(e)

(f)

forwarded to OGE by the Ethics Officer along with his or
her own comments on the request, that there is good cause
shown for an extension.

(5) Any reporting individual who, as determined by the Ethics
Officer, is not reasonably expected to perform the duties
of his or her office for more than sixty days in a
calendar year need not file a report.

(6): Notwithstanding the provisions of paragraph (5) of this
section, if the reporting individual does perform the
duties of his or her office or position for more than
sixty days in a calendar year, and (i) if such individual
is a new entrant or a nominee, he or she shall file a
report within fifteen calendar days after the sixty-first
day unless the individual has filed a request for a
waiver which is subsequently granted or (ii) if such
individual is terminating employment, he or she shall
file a report required by paragraph (3) of this section.
(7) In unusual circumstances, the Director of OGE may grant a
request for a waiver of any public reporting requirement
otherwise applicable under this section for a reporting
individual who is reasonably expected to perform, or has
performed, the duties of his or her office for less than
130 days in a calendar year. Such a determination will
be made after OGE has received advice from the
Corporation and shall be in accordance with the
guidelines established in 5 C.F.R. Sec. 734.205.

Contents of Reports. The information required to be included in each
report is fully described in the instructions accompanying the Executive
Personnel Financial Disclosure Report (S.F. 278) prescribed by OGE and
in regulations promulgated by OGE (5 C.F.R. Part 734), which
requirements are incorporated herein by reference. Directors and
Employees are encouraged to consult with the Ethics Officer, as
necessary, concerning such reqirements.

Filing, Custody, Review.

A reporting individual shall file the report with the Ethics Officer of the Corporation, who shall note on the report or supplemental report the date it is received. The Ethics Officer shall submit the report of each Director, as well as his or her own report, to the Director of OGE after he or she has reviewed it (except that the Chairman or his delegee shall review the report of the Ethics Officer).

The Corporation shall, within fifteen days after any report is received by the Ethics Officer, make each report filed with it under this Part available to the public by permitting inspection of such report by, or furnishing a copy of such report to, any person who makes a written application stating (1) the person's name, occupation and address, (2) the name and address of any other person or organization on whose behalf

(9)

(h)

the inspection or copy is requested, and (3) that such person is aware of the prohibitions on obtaining or using the report for (a) any unlawful purpose, (b) any commercial purpose, other than by news and communications media for dissemination to the general public, (c) determining or establishing the individual's credit rating, or (d) use, directly or indirectly, in the solicitation of money for any political; charitable, or other purpose. The Corporation may require a reasonable fee to be paid which is necessary to recover the direct cost of reproduction or mailing of such report, or may waive or reduce the fee if the Corporation determines that such waiver or reduction is in the public interest.

All reports shall be retained by the Corporation for six years, during
which time they shall be made available to the public as provided
above. After the six-year period a report shall be destroyed, unless
needed in an ongoing investigation.

The Ethics Officer shall review each report within 60 days after the date of filing (or earlier if required by the expedited procedure of 5 C.F.R. Sec 734.604(c)) in order to determine that the individual is in compliance with applicable laws and regulations and that the interests or positions disclosed on the form do not violate any applicable satute or regulation. Such review shall be conducted pursuant to 5 C.F.R. Sec. 734.604.

The Chairman of the Corporation shall refer to the Attorney General the name of any individual he or she has reasonable cause to believe has willfully falsified or willfully failed to file information required to be reported and may take any appropriate personnel or other action in accordance with applicable law or Corporation policy against such individual.

PART 5 - FINANCIAL INTERESTS OF OTHER CORPORATION EMPLOYEES.

Section 18. Financial Disclosure Reports.

(a) Filing Requirement. To the extent they are not covered by Part 4 of these Standards of Conduct, reports of employment and financial interests shall also be submitted by

(1)

(2)

each Corporation Employee whose position is compensated at a rate equivalent to that payable for grade GS-13 or above of the General Schedule established by Chapter 53 of title 5 of the United States Code who occupies a position the basic duties and responsibilities of which consist of the investigation, evaluation, negotiation, administration, or implementation of any synthetic fuels project formally proposed to the Corporation or the procurement of goods and services for the Corporation; and

such other Employees who are in positions which otherwise meets the criteria set out in clause (1) (other than rate of compensation), and whose inclusion has been determined by the Chairman in writing as essential to protect the integrity of the Corporation and avoid Employee involvement in a possible conflict-of-interest situation.

(6) Time and Place for Submission. The reports referred to in this section shall be submitted to the Ethics Officer. An Employee who, after the effective date of this policy, is appointed to a position requiring submission of such report, shall submit such report within 30 days after appointment. Each covered Employee who previously submitted any such report shall submit a supplementary report on or before June 30 of each succeeding year, regardless of whether or not there were occurrences which would require changes in, or additions to, information previously submitted.

(c) Form of Reports. Reports of employment and financial interests shall be submitted on a standard form "Report of Financial Interests," copies of which are available in the Personnel Office of the Corporation.

(d)

(e)

The following rules shall be observed in preparing the statements:
(1). The interest, if any, of a spouse, minor child, or other member of
the Employee's immediate household is considered to be an interest
of the Employee. For the purpose of this section, "member of an
Employee's immediate household" means those blood relations who are
residents of the Employee's household.

(2) If any information required to be included on a Report of Financial
Interests or supplementary report, including holdings placed in
trust, is not known to the Employee but is known to another person,
the Employee shall request that other person to submit information
in his behalf.

(3) An Employee is not required to submit in a report of Financial Interests or supplementary report any information relating to the Employee's connection with, or interest in, a professional society, a charitable, religious, social, fraternal, recreational, public service, civic or political organization or a similar organization not conducted as a business enterprise.

Confidentiality of Employee's Statements. The Corporation shall hold
each Report of Financial Interests, and each supplementary report, filed
under this section in confidence. To insure this confidentiality, the
Ethics Officer is designated to review and retain the reports, and shall
be responsible for the maintenance of the reports in confidence, and he
shall not allow access to, or allow information to be disclosed from a
report except as necessary to carry out the purpose of this section.
The Corporation shall not disclose information from a report except as
the Chairman may determine for good cause shown. All reports filed
under this section shall be retained by the Corporation for six years,
after which period a report shall be destroyed, unless needed in an
ongoing investigation.

Effect of Employee's Reports on Other Requirements. The reports required by this section are in addition to, and not in substitution for, or in derogation of, any similar requirement imposed by law, or regulation. The submission of a report or supplementary report by an employee does not permit him or any other person to participate in a

(f)

matter in which his or the other person's participation is prohibited by law, or this policy.

Review of Statements and Remedial Action. All reports submitted under this section shall be reviewed by the Ethics Officer. If, in the judgment of the Ethics Officer, any report discloses a conflict of interest, or an apparent or potential conflict of interest between the interests of the Employee and the performance of such Employee's duties at the Corporation, the Ethics Officer shall consult with such Employee and shall take such action as he deems appropriate to resolve such conflict, or apparent or potential conflict. If the Ethics Officer is unable to resolve the situation, he shall report the matter to the Chairman who shall then take appropriate remedial action to end such conflict or potential conflict, or apparent conflict. Remedial action may include, but is not limited to:

(1) changes in assigned duties;

(2) disqualification for a particular assignment;

(3) divestment by the Employee of his conflicting interest; or

(4) disciplinary action.

Remedial action, whether disciplinary or otherwise, shall be effected in accordance with any applicable laws and regulations.

(1) Any Employee who considers that his or her position has been improperly included among those requiring the submission of the reports required by this section may submit the matter for review by the Ethics Officer.

(2) Employees in positions that meet the criteria in subsection (a) of this section may be excluded from the reporting requirements of this section if the Chairman determines that:

(a) the duties of a position are at such a level of responsibility that the likelihood of the incumbent's involvement in a conflict-of-interest situation is remote; or

(b) the duties of a position are at such a level of responsibility that the submission of a report is not necessary because of the degree of supervision and review over the incumbent or the inconsequential effect of the duties of the position on the integrity of the Corporation.

(a) Statutory. Sections 118(b) and 118(d) of the Act relate to

(b)

(c)

and

post-employment activities of Directors and Employees. Section 118(b)
applies to former Federal employees employed by the Corporation and
provides that the laws governing post-Federal employment shall not apply
to them while acting on behalf of the Corporation. Section 118(d)
provides that section 207(a) of title 18 of the United States Code (and
subsections (f), (h), and (j) of such section to the extent they relate
to subsection (a) shall apply to former Directors, officers and
employees of the Corporation as if they were former officers or
employees of the executive branch of the United States Government,
also provides that section 207(a) shall apply to the Corporation as if
it were an agency of the executive branch of the United States
Government. In addition, under the Ethics in Government Act of 1978 the
Office of Government Ethics within the Office of Personnel Management
has supervisory jurisdiction over the administration of subsection (j)
of section 207 throughout the Government. Pursuant to the 1978 Act, the
OPM has, on the recommendation of the Director of OGE and in
consultation with the Attorney General, issued regulations in 5 C.F.R.
737 to guide agencies (including the Corporation) in exercising the
administrative enforcement authority contained in Section 18 U.S.C.
207(j), and to provide guidance to individuals who must conform to the
law. Criminal enforcement of the provisions of 18 U.S.C. 207(a) is the
exclusive responsibility of the Attorney General.

Purpose. It is the purpose of this section to provide guidelines for
Directors and Employees within the framework of 18 U.S.C. 207(a) and the
OPM regulations. Reference should be made to the regulations, and the
Ethics Officer should be consulted, for detailed statements of the law,
definitions, exemptions, limitations and illustrative examples.

Guidelines. The statute bars certain acts by former Directors and
Employees, which may reasonably give the appearance of making unfair use
of prior Corporation employment and affiliations. It does not, however,
bar any former Director or Employee, regardless of rank, from employment
with any private or public employer after he or she has left the
Corporation's employ. Nor does it bar employment even on a particular
matter in which the former Director or Employee had major official
involvement except in certain circumstances involving persons engaged in
professional advocacy. Rather, the specific prohibitions arise from a
combination of the following factors which in any given situation may
include the following: (1) the nature and extent of the involvement in
a particular matter by the individual while employed by the Corporation,
(2) the identity of the particular matter with which the individual
dealt while employed by the Corporation with the same matter with
respect to which he or she may represent others after leaving the
Corporation, (3) the manner in which the former Director or Employee
appears before or communicates with the Corporation or the U.S.
Government, and (4) the position occupied by the individual while in the
Corporation's employ.