Md. Code, State Fin. & Proc. § 17-701

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 17-701 - [Abrogated Subject to Contingency - See Note] Definitions
(a) In this subtitle the following words have the meanings indicated.
(b) "Energy sector of Iran" means activities to develop petroleum or natural gas resources or nuclear power in Iran.
(c) "Financial institution" has the meaning stated in Section 14 of the Iran Sanctions Act of 1996 (Public Law 104-172).
(d) "Iran" includes the government of Iran and any agency or instrumentality of Iran.
(e) "Person" includes:
(1) a natural person, corporation, company, limited liability company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group;
(2) a governmental entity or instrumentality of a government, including a multilateral development institution, as defined by the federal International Financial Institutions Act, 22 U.S.C. 262r(c)(3); or
(3) any parent, successor, subunit, direct or indirect subsidiary of, or any entity under common ownership or control with, an entity described in item (1) or (2) of this subsection.
(f) "Public body" means:
(1) the State;
(2) a county, municipal corporation, or other political subdivision;
(3) a public instrumentality; or
(4) any governmental unit authorized to award a contract.

Md. Code, SF § 17-701

Amended without change by 2013 Md. Laws, Ch. 555, Sec. 1, eff. 10/1/2013.
Amended without change by 2013 Md. Laws, Ch. 554, Sec. 1, eff. 10/1/2013.
2012, ch. 446 and 447, § 5, which added this section, provides:
(a) This Act shall remain in effect until:
(1) the Congress or the President of the United States affirmatively and unambiguously declares, by means including, but not limited to, legislation, executive order, or written certification from the President to Congress that Iran is no longer seeking a nuclear weapons capability and no longer supports international terrorism; or
(2) federal law no longer authorizes the states to adopt and enforce provisions of the type authorized in this Act.
(b) The Board of Public Works shall notify the Department of Legislative Services within 5 days after the occurrence of an event described in subsection (a) of this section and, as of the date the event occurred, with no further action required by the General Assembly, this Act shall be abrogated and of no further force and effect.