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§ 17-704. List of persons engaged in investment activities in Iran

West's Annotated Code of MarylandState Finance and ProcurementEffective: June 1, 2012

West's Annotated Code of Maryland
State Finance and Procurement
Division II. General Procurement Law [Titles 11-End] (Refs & Annos)
Title 17. Special Provisions--State and Local Subdivisions (Refs & Annos)
Subtitle 7. Investment Activities in Iran (Refs & Annos)
Effective: June 1, 2012
MD Code, State Finance and Procurement, § 17-704
§ 17-704. List of persons engaged in investment activities in Iran
Currentness
Notice of inclusion on list
(a)(1) On or before December 31, 2012, the Board shall use credible information available to the public to create a list of persons that the Board determines to be engaged in investment activities in Iran as described in § 17-702 of this subtitle.
(2) The Board shall update the list at least every 180 days.
(3) Before the Board includes a person on the list, the Board shall provide the person with 90 days' written notice that:
(i) the Board intends to include the person on the list; and
(ii) inclusion on the list would make the person ineligible to bid on, submit a proposal for, or enter into or renew a contract with a public body for goods or services.
(4) The notice required under paragraph (3) of this subsection shall specify that if the person ceases engagement in investment activities in Iran as described in § 17-702 of this subtitle, the person may become eligible for a future contract or contract renewal with a public body for goods or services on removal from the list.
Opportunity for person to comment
(b)(1) The Board shall provide a person with an opportunity to comment in writing to the Board that the person is not engaged in investment activities in Iran.
(2) If the person demonstrates to the Board that the person is not engaged in investment activities in Iran as described in § 17-702 of this subtitle, the Board may not include the person on the list.
Removal of persons from list
(c) The Board shall remove a person from the list if the person demonstrates to the Board that the person no longer is engaged in investment activities in Iran as described in § 17-702 of this subtitle.
Reasonable efforts to avoid errors
(d) The Board shall make every reasonable effort to avoid erroneously including a person on the list.
List published on the Internet
(e) The Board shall publish the list on the Internet.

Credits

Added by Acts 2012, c. 446, § 1, eff. June 1, 2012; Acts 2012, c. 447, § 1, eff. June 1, 2012.
MD Code, State Finance and Procurement, § 17-704, MD STATE FIN & PROC § 17-704
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document