The California 700 U form is a Statement of Economic Interests required for individuals employed by the University of California (UC) or California State University (CSU) who lead research projects funded by non-governmental entities. This form helps ensure transparency regarding financial interests and potential conflicts of interest related to research funding. Understanding the requirements of this form is essential for compliance and maintaining integrity in research practices.
To fill out the California 700 U form, click the button below.
The California 700 U form plays a crucial role in ensuring transparency and accountability for individuals involved in research projects funded by non-governmental entities. Specifically, it is required to be filed by employees of the University of California (UC) or California State University (CSU) who hold principal responsibility for such projects. This form is designed to disclose financial interests that may influence research outcomes, including investments, income, loans, and gifts. For instance, an investment is defined as any financial interest valued at $2,000 or more that an individual, their spouse, or dependent children may have in a business entity. Similarly, income encompasses various forms of payments received, such as salaries, dividends, and reimbursements. The form also mandates reporting of loans exceeding $500 from a single lender and gifts valued at $50 or more. The aim is to uphold ethical standards and prevent conflicts of interest in research funded by external sources. Additionally, the form requires detailed information about the funding entity, the nature of the research project, and any financial transactions that may arise during the reporting period. By adhering to these regulations, researchers contribute to a culture of integrity within academic institutions.
Instructions for Completing Form 700-U
CALIFORNIAFORM 700-U
Who Files Form 700-U?
This form must be iled by all persons employed by UC or CSU who have principal responsibility for a research
project if the project is to be funded or supported, in
whole or in part, by a contract or grant (or other funds earmarked by the donor for a speciic research project or for a speciic researcher) from a nongovernmental entity.
Reporting requirements are outlined in Regulation 18755.
This regulation provides that research funding by certain nonproit entities will not trigger disclosure. This regulation is available on the FPPC website.
What is an Investment?
“Investment” means any inancial interest in a business entity in which you, your spouse or registered domestic
partner, or your dependent children have a direct, indirect, or beneicial interest totaling $2,000 or more. Reportable investments include stocks, bonds, warrants,
and options, including those held in margin or brokerage accounts and investment funds. Common examples of investment funds are index funds, exchange-traded funds, and venture capital funds. (See Gov. Code Section 82034.)
What is Income?
“Income” means a payment received, including but not limited to any salary, wage, advance, dividend, interest, rent, proceeds from any sale, gift, including any gift of food
or beverage, loan forgiveness or payment of indebtedness received by the iler, reimbursement for expenses, per diem,
or contribution to an insurance or pension program paid by any person other than an employer, and any community property interest in income of a spouse or registered domestic partner. Income also includes an outstanding loan. Income of an individual also includes a pro rata share of any income of any business entity or trust in which the
individual, spouse, or registered domestic partner owns directly, indirectly, or beneicially, a 10% interest or greater.
Income includes your gross income and your community property interest in your spouse’s or registered domestic partner’s gross income totaling $500 or more. Gross income is the total amount of income before deducting expenses, losses, or taxes. (See Gov. Code Section 82030.)
What is a Loan?
Loans received or outstanding are reportable if they total $500 or more from a single lender. Your community property interest in loans received by your spouse or registered domestic partner also must be reported. (See Gov. Code Section 82030(a).)
What is a Gift?
A gift is anything of value for which you have not provided equal or greater consideration to the donor. A gift is reportable if its fair market value is $50 or more. In addition, multiple gifts totaling $50 or more received from a reportable source must be reported.
It is the acceptance of a gift, not the ultimate use to which it is put, that imposes your reporting obligation. Therefore you must report a gift even if you never used it or if you gave it away to another person.
If the exact amount of a gift is not known, you must make a good faith estimate of the item’s fair market value. Listing the value of a gift as “over $50” or “value unknown” is not adequate disclosure.
Commonly reportable gifts include:
•Tickets/passes to sporting or entertainment events
•Tickets/passes to amusement parks
•Parking passes
•Food, beverages, and accommodations, including that provided in direct connection with your attendance at a convention, conference, meeting, social event, meal, or like gathering, where you did not give a speech, participate in a panel or seminar, or provide a similar service
•Rebates/discounts not made in the regular course of
business to members of the public without regard to oficial status
•Wedding gifts
•An honorarium. You may report an honorarium as income rather than as a gift if you provided services of equal or greater value than the payment received.
•Transportation and lodging
•Forgiveness of a loan received by you
(See Gov. Code Section 82028.)
FPPC Form 700-U (2008/2009) FPPC Toll-Free Helpline: 866/ASK-FPPC www.fppc.ca.gov
CALIFORNIA 700-U FORM
FAIR POLITICAL PRACTICES COMMISSION
Please type or print in ink.
STATEMENT OF ECONOMIC INTERESTS
FOR
PRINCIPAL INVESTIGATORS
Date Received
Campus Use Only
Campus:
ID No:
NAME (LAST)(FIRST)(MIDDLE)TELEPHONE NUMBER
(
)
ACADEMIC UNIT OR DEPARTMENT
MAIL CODE
E-MAIL ADDRESS
TITLE OF RESEARCH PROJECT
1. Information Regarding Funding Entity:
(Use a separate Form 700-U for each funding entity.) Name of Entity:
Address of Entity:
Principal Business of Entity:
Amount of Funding: $
Estimated
Actual
2.Type of Statement (Check at least one box) Initial (for new funding)
Date of initial funding:
/
Interim (for renewed funding)
Funding was renewed on:
3.Filer Information
A.Are you a director, oficer, partner, trustee, consultant, employee, or do you hold a position of management in
the entity listed in Part 1?
No
Yes
Title:
B.Do you, your spouse or registered domestic partner, or
your dependent children have an investment of $2,000 or more in the entity listed in Part 1 above?
– value is:
$2,000 - $10,000
$10,001 - $100,000
$100,001 - $1,000,000
Exceeds $1,000,000
If you have sold or divested yourself of investments:
Date Divested:
C.Have you received income of $500 or more from the entity listed in Part 1 during the reporting period?
No Yes
$500 - $1,000
$1,001 - $10,000
Exceeds $100,000
Was income received through your spouse or registered
domestic partner?
3. Filer Information - CONT.
D.Have you received loans from the entity in Part 1 for which the balance exceeded $500 during the reporting period?
– highest balance:
Exceeded $100,000
If you checked “yes,” was the loan:
Secured
Unsecured Interest rate:
%
Was the loan entirely repaid within the last 12 months?
E.Have you received gifts from the entity listed in Part 1 within the last 12 months valued at $50 or more?
– describe below.
Description:
Value: $
Date Received:
F. Has the entity in Part 1 paid for your travel?
Type of Payment: (check one)
Gift
Income
Amt: $
date(s):
(If applicable)
4. Veriication
I have used all reasonable diligence in preparing this statement. I have reviewed this statement and to the best of my knowledge the information contained herein and in any attached schedules is true and complete. I certify under penalty of perjury under the laws of the State of California that the foregoing is true and correct.
Date Signed
(month, day, year)
Signature
(File the originally signed statement with your university.)
The Form 700-U is for university use only.
FPPC Form 700-U (2008/2009)
This statement is a public record under Gov. Code Section 81008(a).
FPPC Toll-Free Helpline: 866/ASK-FPPC www.fppc.ca.gov
Instructions for Completing Form 700-U (continued)
What is a Travel Payment?
Travel payments include advances and reimbursements for travel and related expenses, including lodging and meals.
•Travel payments are gifts if you did not provide services which were equal to or greater in value than the payments received. You must disclose gifts totaling $50 or more from a single source during the period covered by the statement. Gifts of travel are reportable without regard to where the donor is located.
When reporting travel payments which are gifts, you must provide a description of the gift and the date(s) received.
Effective August 15, 2008, Regulation 18946.6 provides new valuation methods for gifts of air transportation.
•Travel payments are income if you provided services which were equal to or greater in value than the payments received. You must disclose income totaling $500 or more from a single source
during the period covered by the statement. The iler has the burden of proving the payments are
income rather than gifts.
When reporting travel payments as income, you must describe the services you provided in exchange for the payment. You are not required to disclose the date(s) for travel payments which are income.
Gifts of travel may be subject to a $420 gift limit. In
addition, certain travel payments are reportable gifts, but are not subject to the gift limit. See the FPPC fact sheet entitled “Limitations and Restrictions on Gifts, Honoraria, Travel, and Loans,” which can be obtained from the FPPC at www.fppc.ca.gov.
You are not required to disclose:
•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 (note that payments for transportation outside of California are reportable)
•A travel payment which was received from a nonproit entity exempt from taxation under IRS Code Section 501(c)(3) for which you provided equal or greater consideration
Check the box to indicate if the payment was a gift or income, report the amount, and disclose the date(s) if applicable.
Violations
Failure to ile the required Statement of Economic Interests or failure to report a inancial interest may
subject a principal investigator to civil liability, including ines, as well as University discipline. (Gov. Code Sections 81000-91014)
Privacy Information Notice
Information requested on all FPPC forms is used by the FPPC to administer and enforce the Political Reform Act (Gov. Code Sections 81000-91014 and Regulations 18109-18997). All information required by these forms is mandated by the Political Reform Act. Failure to provide all of the information required by the
Act is a violation subject to administrative, criminal or civil prosecution. All reports and statements provided are public records open for public inspection and reproduction.
If you have any questions regarding this Privacy Notice
or how to access your personal information, please
contact the FPPC at:
General Counsel
Fair Political Practices Commission 428 J Street, Suite 620 Sacramento, CA 95814
(916) 322-5660
Exemption From Withholding California - Sections within the form enable clear communication between payee and payer regarding tax obligations.
California Gypsy Moth Checklist - This form is used to ensure outdoor household items are inspected for gypsy moth before moving from a quarantine to a non-quarantine area.
California 1292 10 - The requirement for each answer to be under oath with penalty declarations emphasizes the legal gravitas of the information provided, promoting a truthful exchange.