Maryland Statutes
Subtitle 7 - Investment Activities in Iran
Section 17-704 - List of Persons Engaged in Investment Activities in Iran [Subtitle Subject to Abrogation]

** CONTINGENCY – IN EFFECT – CHAPTERS 446 AND 447 OF 2012 **
    (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.
    (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.
    (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.
    (d)    The Board shall make every reasonable effort to avoid erroneously including a person on the list.
    (e)    The Board shall publish the list on the Internet.

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