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Arkansas Code Title 19. Public Finance § 19-11-1015. Cancellation of contract on entry of final business closure order

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(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/


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