(1) The governing board of a public university listed in ORS § 352.002 may authorize receipt of compensation for any officer or employee from private or public resources, including, but not limited to, income from:

(a) Consulting;

(b) Appearances and speeches;

(c) Intellectual property conceived, reduced to practice or originated and therefore owned within the public university;

(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 public university and the private entity; and

(e) Performing public duties paid by private organizations, including institution corporate affiliates, that augments an officer’s or employee’s publicly funded salary. Such income shall be authorized and received in accordance with policies and standards established by each governing board.

(2) Each governing board may not authorize compensation, as described in subsection (1) of this section, that, in the governing board’s judgment, does not comport with the mission of the public university or substantially interferes with an officer’s or employee’s duties to the university.

(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 officer or employee shall report the potential conflict in writing in accordance with standards of the governing 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 public university employing the officer or employee is not salary for purposes of ORS Chapter 238 or 238A.

(5) Each governing board shall adopt standards governing employee outside employment and activities, including potential conflict of interest, as defined by standards of the governing 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. [Formerly 351.067; 2018 c.54 § 2]