NY A09224

Prohibits state and local public authorities from entering into contracts with persons or entities identified as engaging in investment activities in Iran's energy sector, as defined in State Finance Law section 165-A.

Defines investment activities in Iran to include: providing $20 million or more in goods or services to Iran's energy sector (including oil/LNG tankers and pipeline materials), or extending $20 million or more in credit for 45+ days to support such activities.

Requires all contracts with public authorities to include a certification statement, under penalty of perjury, that the contracting person is not on the Iran divestment list; certifications may be submitted electronically.

Allows case-by-case contract exceptions if investment activities occurred before the law's effective date and have not been expanded/renewed, and the person has adopted a formal plan to cease Iran activities; or if goods/services are necessary and unavailable elsewhere.

Makes SUNY and CUNY subject to the Iranian energy sector divestment provisions, effective on the same date as chapter 1 of the laws of 2012.