{"data":{"id":"us-in/ic-5-22-16.5-8","jurisdiction":"us-in","citation":"IC 5-22-16.5-8","heading":"Activities that qualify as engaging in investment activities in Iran; exception","body":"Sec. 8. (a) For purposes of this chapter, a person engages in investment activities in Iran if either of the following is true:\n(1) The person provides goods or services of twenty million dollars ($20,000,000) or more in value in the energy sector of Iran, including providing any of the following for the energy sector of Iran:\n(A) Oil or liquified natural gas tankers.\n(B) Products used to construct or maintain pipelines used to transport oil or liquified natural gas.\n(2) The person is a financial institution that extends twenty million dollars ($20,000,000) or more in credit to another person, for forty-five (45) days or more, if that other person:\n(A) will use the credit to provide goods or services in the energy sector in Iran; and\n(B) is, at the time the financial institution extends credit, a person identified on the list as a person engaging in investment activities in Iran under subdivision (1).\n(b) A person's investment contract with the Indiana public retirement system may not be used as the basis for making a determination under this chapter that the person is engaged in investment activities in Iran.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 22. PUBLIC PURCHASING","Chapter 16.5. Disqualification of Contractors Dealing with the Government of Iran"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-22-16.5-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"64a6c93d15d13ca4d9a9c249b08ae8c177f95747d29a55eb177ad01f418e2479","source_id":"us-in","stale":false,"prev":"us-in/ic-5-22-16.5-7","next":"us-in/ic-5-22-16.5-9"},"notice":"GroundRules: Original legal text. Not legal advice."}