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Session Laws, 1994
Volume 773, Page 1160   View pdf image
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1994 LAWS OF MARYLAND

Article - State Finance and Procurement

[6-208.

(a)     This section does not apply to a loan that is outstanding on December 31,
1984.

(b)     The Treasurer may not use a financial institution as a depositary unless the
financial institution certifies, in writing, that it has no direct loans and no foreknowledge
of any indirect loans outstanding to a governmental unit or national corporation of the
Republic of South Africa.

(c)     If direct or indirect loans described in subsection (b) of this section are made
by a foreign or out-of-state financial institution without the participation of a subsidiary
or affiliated corporation, subsection (b) of this section does not apply to the subsidiary or
affiliated corporation.]

[Subtitle 5. Purchases from the Republic of South Africa]

14-501.

(a) In this subtitle, "doing business with or in the Republic of South Africa"
means:

(1) having in the Republic any operations or a majority owned subsidiary
that employs [more than 20] ANY employees;

(2) providing financial services to the government of the Republic, including
providing direct loans, underwriting government securities, or promoting the sale of gold
coins from the Republic; or

(3) providing any supplies or services to the government of the Republic
[exc
ept supplies or services provided for an educational, medical, charitable, or
r
eligious] FOR ANY LAWFUL purpose.

(b) In this subtitle, "doing business with or in the Republic of South Africa"
[do
es not include] INCLUDES completing a limited consulting contract in existence on
January 1, 1987 in the Republic that was entered into as a result of the company divesting
itself of all business property and operations in the Republic.

14-502.

[A unit may not knowingly buy finished supplies that are produced in the Republic
of South Africa unless:

(1) the bidder or offeror provides the certification required under § 14-503
of this subtitle; or

(2) the head of the unit determines that:

(i) the procurement is essential; and

(ii) the unit does not know of any other available source that will
provide the supplies at a reasonable cost.]

- 1160 -

Ch. 88

 

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Session Laws, 1994
Volume 773, Page 1160   View pdf image
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