Common use of IRAN DIVESTMENT ACT Clause in Contracts

IRAN DIVESTMENT ACT. (5-17-16) SP01 G151 As a result of the Iran Divestment Act of 2015 (Act), Article 6E, N.C. General Statute § 147-86.55, the State Treasurer published the Final Divestment List (List) which includes the Final Divestment List-Iran, and the Parent and Subsidiary Guidance-Iran. These lists identify companies and persons engaged in investment activities in Iran and will be updated every 180 days. The List can be found at xxxxx://xxx.xxxxxxxxxxx.xxx/inside-the-department/OpenGovernment/Pages/Iran- Divestment-Act-Resources.aspx By submitting the Offer, the Contractor certifies that, as of the date of this bid, it is not on the then- current List created by the State Treasurer. The Contractor must notify the Department immediately if, at any time before the award of the contract, it is added to the List. As an ongoing obligation, the Contractor must notify the Department immediately if, at any time during the contract term, it is added to the List. Consistent with § 147-86.59, the Contractor shall not contract with any person to perform a part of the work if, at the time the subcontract is signed, that person is on the then-current List. During the term of the Contract, should the Department receive information that a person is in violation of the Act as stated above, the Department will offer the person an opportunity to respond and the Department will take action as appropriate and provided for by law, rule, or contract.

IRAN DIVESTMENT ACT. (5-17-16) SP01 G151 As a result of the Iran Divestment Act of 2015 (Act), Article 6E, N.C. General Statute § 147-147- 86.55, the State Treasurer published the Final Divestment List (List) which includes the Final Divestment List-Iran, and the Parent and Subsidiary Guidance-Iran. These lists identify companies and persons engaged in investment activities in Iran and will be updated every 180 days. The List can be found at xxxxx://xxx.xxxxxxxxxxx.xxx/inside-the-department/OpenGovernment/Pages/Iran- Divestment-Act-Resources.aspx xxxxx://xxx.xxxxxxxxxxx.xxx/inside-the- department/OpenGovernment/Pages/Iran-Divestment-Act-Resources.aspx By submitting the Offer, the Contractor certifies that, as of the date of this bid, it is not on the then- then-current List created by the State Treasurer. The Contractor must notify the Department immediately if, at any time before the award of the contract, it is added to the List. As an ongoing obligation, the Contractor must notify the Department immediately if, at any time during the contract term, it is added to the List. Consistent with § 147-86.59, the Contractor shall not contract with any person to perform a part of the work if, at the time the subcontract is signed, that person is on the then-current List. During the term of the Contract, should the Department receive information that a person is in violation of the Act as stated above, the Department will offer the person an opportunity to respond and the Department will take action as appropriate and provided for by law, rule, or contract.