Al Law ("GML") $103-9. The lran Divestment Act, with certain exceptionso prohibits municipal ties, including the City' from entering into contracts with persons engaged in investment activities in the energy sector of Iran. Pursuant to the terms set forth in SFL $f65-a and GML $103-g, a person engages in investment activities in the energy sector of Iran if: (a) the person provides goods or services of twenty million dollars or more in the energy sector of lran, including a person th.
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How to fill out the Bidders Certification Regarding Iran Divestment Act - Nyc online
The Bidders Certification Regarding Iran Divestment Act is an essential document for contractors wishing to engage with New York City. This guide outlines the process of filling out the form online, ensuring clarity and ease of understanding for all users.
Follow the steps to successfully complete the form online.
- Press the ‘Get Form’ button to access the form and open it in your preferred editor.
- Carefully read the instructions provided within the form to understand the requirements and implications of certification.
- In the certification section, check the appropriate box to indicate whether you are able to certify that you are not on the prohibited list of entities engaged in investment activities in Iran.
- If you check the box indicating you cannot certify, be sure to attach a signed statement detailing the reasons for this inability, as required.
- Fill in the date, location, and include your signature along with your printed name and title in the designated fields.
- Once all necessary information is entered, review the form for accuracy and completeness.
- Save your changes, and make sure to download or print a copy of the completed form for your records. You may also share it with relevant parties as needed.
Complete your Bidders Certification Regarding Iran Divestment Act - Nyc online to ensure compliance and facilitate your bidding process.
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Get answers to your most pressing questions about US Legal Forms API.
What is Section 165 of the New York State Finance Law?
Section 165(6)(b) of the State Finance Law requires the Commissioner of the Department of Economic Development to develop a list of jurisdictions that impose sanctions or otherwise restrict the ability of New York State companies when they compete for contracts on an equal basis within those jurisdictions.
What is the Iran Divestment Act NYC?
The law is known as the "Iran Divestment Act of 2012" (the "Act") and can be found at § 165-a of the NY State Finance Law. The Act became effective on April 12, 2012. The Act imposes limitations on "persons" that are determined to be engaged in investment activities in the Iranian energy sector, as defined in the Act.
What did the Divestment Act do?
Authorization of Divestment: Patterned after legislation enacted in 2007 to enable divestment from firms engaged in certain activity in Sudan, the bill authorizes State and local governments to divest from any company that invests $20 million or more in the energy sector in Iran, or extends $20 million or more in ...
What is the Iran Divestment Act certification?
Iran: Divestment and Do-Not-Contract Resources The Iran Divestment Act of 2015, as amended, prohibits State agencies from investing in or contracting with individuals and companies engaged in certain investment activities in Iran, and this Act requires State agencies to divest from such investments.
What is the Iran Divestment Act Tennessee?
Under the Iran Divestment Act, T.C.A. §§ 12-12-101--12-12-113, political subdivisions in Tennessee are prohibited from entering into any procurement or contract over $1,000 with a person who engages in investment activities in Iran.
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