Statute · California Public Contract Code
Cal. Pub. Cont. Code § 2202.5 — Iran Contracting Act of 2010
Cal. Pub. Cont. Code § 2202.5
- Type
- Statute
- Source
- California Public Contract Code
- Jurisdiction
- California
- Date
- 2011-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
For purposes of this chapter, a person engages in investment activities in Iran if any of the following is true:
Citator
Cal. Pub. Cont. Code § 2202.5 — Iran Contracting Act of 2010 is in force in the current edition of the Code, and nothing recorded condemns it.
For purposes of this chapter, a person engages in investment activities in Iran if any of the following is true:
(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.
(b) The person is a financial institution 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 pursuant to subdivision (b) of Section 2203 as a person engaging in investment activities in Iran as described in subdivision (a).