Bill > SB103

This bill amends Georgia state law to prohibit companies owned or operated by the Iranian government from bidding on or submitting proposals for state contracts. The bill defines key terms such as "company" (which includes subsidiaries, parent companies, and affiliates) and "scrutinized company" (specifically referring to companies owned or operated by the Iranian government). Under this legislation, any scrutinized company is ineligible to bid on or submit a proposal for state agency contracts for goods or services. Companies seeking to bid must certify that they are not a scrutinized company, and if they submit a false certification, they will face significant penalties: a civil penalty of either $250,000 or twice the contract amount, contract termination, and permanent ineligibility to bid on future state contracts. This bill appears to be part of a broader effort to prevent state business from being conducted with entities associated with the Iranian government, likely due to geopolitical tensions and sanctions.