Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a) As used in this subchapter, “final business closure order” means a business closure order for which a contractor has either:
(1) Waived further administrative review under § 26-18-1001 et seq.; or
(2) Exhausted all remedies to appeal under § 26-18-1001 et seq.
(b) The Revenue Division shall provide to the Office of State Procurement all final business closure orders entered into against a contractor.
(c) Upon receipt of a final business closure order, the office shall, as soon as reasonably practicable:
(1) Notify each state agency with which the contractor has a contract that the:
(A) Contractor is subject to a final business closure order; and
(B) Provision of any goods or services, or both, under a contract with the contractor that is subject to a final business closure order shall cease as soon as reasonably practicable; and
(2) Notify all state agencies that the contractor that is subject to a final business closure order shall not be awarded or maintain a contract with a state agency unless the office provides notice under subsection (d) of this section.
(d) Upon receipt of information that a contractor has resolved a business closure, the office shall notify all state agencies, as soon as reasonably practicable, that:
(1) Any unexpired contracts with the contractor may continue if the contract was not terminated, cancelled, suspended, or discontinued; and
(2) The contractor may be awarded or maintain a contract with a state agency.
Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-11-1015. Cancellation of contract on entry of final business closure order - last updated January 01, 2020 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-11-1015/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.