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<section article="gsf" article_name="State Finance and Procurement" number="17-701" title_number="17" title_name="Special Provisions -- State and Local Subdivisions" subtitle_number="7" subtitle_name="Investment Activities in Iran">
  <text>** CONTINGENCY – IN EFFECT – CHAPTERS 446 AND 447 OF 2012 **</text>
  <level label="a">
    <text>In this subtitle the following words have the meanings indicated.</text>
  </level>
  <level label="b">
    <text>“Energy sector of Iran” means activities to develop petroleum or natural gas resources or nuclear power in Iran.</text>
  </level>
  <level label="c">
    <text>“Financial institution” has the meaning stated in Section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172).</text>
  </level>
  <level label="d">
    <text>“Iran” includes the government of Iran and any agency or instrumentality of Iran.</text>
  </level>
  <level label="e">
    <text>“Person” includes:</text>
    <level label="1">
      <text>a natural person, corporation, company, limited liability company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group;</text>
    </level>
    <level label="2">
      <text>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</text>
    </level>
    <level label="3">
      <text>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.</text>
    </level>
  </level>
  <level label="f">
    <text>“Public body” means:</text>
    <level label="1">
      <text>the State;</text>
    </level>
    <level label="2">
      <text>a county, municipal corporation, or other political subdivision;</text>
    </level>
    <level label="3">
      <text>a public instrumentality; or</text>
    </level>
    <level label="4">
      <text>any governmental unit authorized to award a contract.</text>
    </level>
  </level>
</section>
