State of California law requires disclosure by the Principal Investigator of financial interest in the sponsor if the proposal is for a research project to be funded by a non-governmental source. The disclosure form (Principal Investigator's Statement of Economic Interests Form 730-U) should accompany the proposal and Proposal Review Form to the Sponsored Projects Office.
When a principal investigator discloses a financial interest, the campus review board must determine whether the contract, grant, or gift can be accepted.
See the Research Administration and Compliance web site for more information on this issue, and disclosure requirements for proposals to National Science Foundation and U.S. Public Health Service, including National Institutes of Health.