North Carolina General Statutes 147-86.82. Restrictions on contracts with the State or subdivisions of the State
(a) A company that is identified as a restricted company is ineligible to contract with the State or any political subdivision of the State.
(b) Any contract entered into with a company that is identified as a restricted company at the time of contract is void ab initio.
(c) Upon receiving information that a company that was not identified as a restricted company at the time of contract has later been identified as a restricted company, the State agency shall review the information and offer the company an opportunity to respond. If the company fails to demonstrate that the company should not have been identified as a restricted company within 90 days after notification by the State agency, then the State agency shall take action as may be appropriate and provided for by law, rule, or contract.
(d) Contracts in existence on October 1, 2017, with restricted companies shall be allowed to expire in accordance with the terms of the contract. ?(2017-193, s. 1.1.)
Terms Used In North Carolina General Statutes 147-86.82
- Contract: A legal written agreement that becomes binding when signed.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3