§ 12-12-110. Ineligibility to Contract With Political Subdivision
A person that is identified on a list created pursuant to § 12-12-106, as a person engaging in investment activities in Iran as described in § 12-12-105 shall be ineligible to contract with any political subdivision of this state, and any contract entered into with a political subdivision of this state shall be void ab […]
§ 12-12-111. Statement of Noninvestment Required for Competitive Bidding
On or after July 1, 2016, every bid or proposal made to a political subdivision of the state or any public department, agency, or official thereof where competitive bidding is required by statute, rule, regulation, or local ordinance or resolution, for work or services performed or to be performed or goods sold or to be […]
§ 12-12-112. Chapter Inapplicable to Investments Involving Tennessee Consolidated Retirement System
This chapter shall not apply to investments made by the state treasurer or board of trustees involving the Tennessee consolidated retirement system.
§ 12-12-113. Applicability of Restrictions
The restrictions provided for in this chapter apply only until Congress, by legislation, declares that divestment of the type provided for in this chapter interferes with the conduct of United States foreign policy or revokes its current sanctions against Iran.
§ 12-12-107. Right to Contract With State on Case-by-Case Basis
Notwithstanding § 12-12-106, a person engaged in investment activities in Iran as described in § 12-12-105, may contract with the state, on a case-by-case basis, if: The investment activities in Iran were made before July 1, 2016, the investment activities in Iran have not been expanded or renewed after July 1, 2016, and the person […]
§ 12-12-108. Certification That Person or Assignee Not Identified on List — No Use of Subcontractor Identified on List
A state agency or entity shall require a person that attempts to contract with the state, including a contract renewal or assumption, to certify, at the time the bid is submitted or the contract is entered into, renewed, or assigned, that the person or the assignee is not identified on a list created pursuant to […]
§ 12-12-109. Report
The chief procurement officer shall report to the speaker of the senate, the speaker of the house of representatives, and the governor annually by October 1, on the status of the federal Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111-195), the Iran Divestment Act of 2014, and any rules or regulations […]
§ 12-11-104. Negotiations for Joint Federal-State Program Contracts
The state of Tennessee may join with other states and/or the United States in evaluating responses to invitations for proposals for contracts to supply materials or services for joint federal-state programs. The state of Tennessee, subject to the approval of the attorney general and reporter, may negotiate agreements with other states concerning the joint procurement […]
§ 12-12-101. Short Title
This chapter shall be known and may be cited as the “Iran Divestment Act.”
§ 12-12-102. Legislative Intent
It is the intent of the general assembly to fully implement the authority granted under Section 202 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111-195).