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GA SB562
Bill
Status
Passed
5/4/2022
Primary Sponsor
Jeff Mullis
Click for details
AI Summary
- Companies owned or operated by the governments of Russia or Belarus ("scrutinized companies") are prohibited from bidding on or submitting proposals for Georgia state agency contracts for goods or services
- All companies submitting bids or proposals on state contracts must certify that they are not a scrutinized company owned or operated by Russia or Belarus
- False certification carries a civil penalty equal to the greater of $250,000 or twice the amount of the contract for which the bid or proposal was submitted
- The state agency or Department of Administrative Services must terminate any contract with a company found to have submitted a false certification, and that company is permanently barred from bidding on future state contracts
- "Scrutinized company" covers all entity types including wholly owned subsidiaries, majority owned subsidiaries, parent companies, and affiliates that exist for the purpose of making profit
Legislative Description
Department of Administrative Services; companies owned or operated by Russia to bid on or submit a proposal for a state contract; prohibit
Last Action
Effective Date 2022-07-01
5/4/2022
Committee Referrals
Governmental Affairs3/11/2022
Government Oversight2/28/2022
Full Bill Text
No bill text available