Common use of IRAN CONTRACTING ACT OF 2010 Clause in Contracts

IRAN CONTRACTING ACT OF 2010. The Iran Contracting Act of 2010 (PCC sections 2200 – 2208, the “Act”) requires that no one shall submit a proposal for a Contract, or enter into or renew a contract, with a public entity for goods or services valued at $1,000,000 or more if that person (i.e., bidder or contractor) engages in investment activities of $20,000,000 or more as described in PCC section 2202.5 . Section 2204 of the Act requires bidders to certify at the time the proposal is submitted or the contract is renewed, that the person is not identified on a list created pursuant to subdivision (b) of PCC section 2203 as a person engaging in investment activities in Iran described in subdivision (a) of PCC section 2202.5, or as a person described in subdivision (b) of PCC section 2202.5, as applicable.

IRAN CONTRACTING ACT OF 2010. The Iran Contracting Act of 2010 (PCC sections 2200 – 2208, the “Act”) requires that no one shall submit a proposal for a Contract, or enter into or renew a contract, with a public entity for goods or services valued at $1,000,000 or more if that person (i.e., bidder or contractor) engages in investment activities of $20,000,000 or more as described in PCC section 2202.5 2202.5. Section 2204 of the Act requires bidders to certify at the time the proposal is submitted or the contract is renewed, that the person is not identified on a list created pursuant to subdivision (b) of PCC section 2203 as a person engaging in investment activities in Iran described in subdivision (a) of PCC section 2202.5, or as a person described in subdivision (b) of PCC section 2202.5, as applicable.