Section 341.556 - Sources of compensation for faculty members; potential conflict of interest; reporting; standards(1) The board of a community college may authorize receipt of compensation for any faculty member from private or public resources, including, but not limited to, income from: (b) Appearances and speeches;(c) Intellectual property conceived, reduced to practice or originated and therefore owned within the community college;(d) Providing services or other valuable consideration for a private corporation, individual or entity, whether paid in cash or in-kind, stock or other equity interest or anything of value regardless of whether there is a licensing agreement between the community college and the private entity; and(e) Performing public duties paid by private organizations, including institution corporate affiliates, that augments a faculty member's publicly funded salary. Such income shall be authorized and received in accordance with policies and standards established by each board.(2) Each board may not authorize compensation, as described in subsection (1) of this section, that, in the board's judgment, does not comport with the mission of the community college or that substantially interferes with a faculty member's duties to the community college.(3) Any compensation described and authorized under subsection (1) of this section is considered official compensation or reimbursement of expenses for purposes of ORS 244.040 and is not considered an honorarium prohibited by ORS 244.042. If authorization or receipt of the compensation creates a potential conflict of interest, the faculty member shall report the potential conflict in writing in accordance with standards of the board. The disclosure is a public record subject to public inspection.(4) Compensation described and authorized under subsection (1) of this section that is not paid by the community college employing the faculty member is not salary for purposes of ORS chapter 238 or 238A.(5) Each board shall adopt standards governing faculty outside employment and activities, including potential conflicts of interest, as defined by standards of the board and consistent with ORS 244.020, and the public disclosure thereof, and procedures for reporting and hearing potential or actual conflict of interest complaints.Amended by 2018 Ch. 54,§ 1, eff. 4/3/2018.