Arkansas § 25-1-1203 Contracts with Government of People's Republic of China prohibited

Arkansas Statutes

§ 25-1-1203 — Contracts with Government of People's Republic of China prohibited

(a)A state agency shall not enter into a contract:

(1)With a scrutinized company; or (2) That employs a scrutinized company as a subcontractor.

(b)A state agency shall require a company that submits a bid or proposal for a contract for goods or services to certify that the company is not a scrutinized company.

(c)If a state agency or the Office of State Procurement determines that a company has submitted a false certification under subsection (b) of this section:

(1)The company shall be liable for a civil penalty in an amount that is equal to the greater of two hundred fifty thousand dollars ($250,000) or twice the amount of the contract for which a bid or proposal was submitted;

(2)The state agency or the Office of State Procurement shall terminate the contract with the company; and

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(a) A state agency shall not enter into a contract: (1) With a scrutinized company; or (2) That employs a scrutinized company as a subcontractor. (b) A state agency shall require a company that submits a bid or proposal for a contract for goods or services to certify that the company is not a scrutinized company. (c) If a state agency or the Office of State Procurement determines that a company has submitted a false certification under subsection (b) of this section: (1) The company shall be liable for a civil penalty in an amount that is equal to the greater of two hundred fifty thousand dollars ($250,000) or twice the amount of the contract for which a bid or proposal was submitted; (2) The state agency or the Office of State Procurement shall terminate the contract with the company; and (3) The company shall be ineligible to bid on a state contract for five (5) years and then the company's status will be reassessed.

Arkansas § 25-1-1203 (Contracts with Government of People's Republic of China prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.