Iran Divestment Act

Iran Divestment Act

Iran Divestment Act (IDA) change effective October 1, 2017

Requisitioners and PCard holders must verify that a vendor is not a prohibited vendor per North Carolina State Treasurer’s Final Divestment list and the Iran Parent and Subsidiary Guidance list prior to purchasing, awarding, requisitioning or placing a purchase order with a vendor.  Both of these lists can be found at the link below.

Due to this change, the P-Card limit per transaction will be set to $2,500 and it is no longer required that a written Iran Divestment Act Certification Form be obtained from each vendor.

Please contact the Procurement Department at extension 6766 for questions related to this change.

https://www.nctreasurer.com/inside-the-department/OpenGovernment/Pages/Iran-Divestment-Act-Resources.aspx