Iran Contracting Act Certification. The Iran Contracting Act of 2010 requires a person that submits a bid or proposal to, or otherwise proposes to enter into or renew a contract with, a public entity with respect to a contract for goods or services of one million dollars ($1,000,000) or more to certify, at the time the bid is submitted or the contract is renewed, that the person is not identified as a person engaging in investment activities in Iran. A person who “engages in investment activities in Iran” is defined in either of two ways: a. The person provides goods or services of twenty million dollars ($20,000,000) or more in the energy sector of Iran, including a person that provides oil or liquefied natural gas tankers, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas, for the energy sector of Iran; or b. The person is a financial institution (as that term is defined in 50 U.S.C. § 1701) that extends twenty million dollars ($20,000,000) or more in credit to another person, for 45 days or more, if that person will use the credit to provide goods or services in the energy sector in Iran and is identified on a list created by the California Department of General Services (DGS) pursuant to California Public Contract Code section 2201(b) as a person engaging in the investment activities described in paragraph 1 above. By entering this Agreement, Contractor hereby certifies that as of the time of bidding or proposing for a new contract, entering into a contract or renewal of an existing contract, the Contractor is not identified on the Department of General Services list of ineligible persons and the Contractor is not engaged in investment activities in Iran in violation of the Iran Contracting Act of 2010.
Appears in 2 contracts
Sources: Human Services Master Contract, Human Services Master Contract