(a) For purposes of this chapter, a person engages in investment activities in Iran if either of the following is true:(1) The person provides goods or services of twenty million dollars ($20,000,000) or more in value in the energy sector of Iran, including providing any of the following for the energy sector of Iran:(A) Oil or liquified natural gas tankers.(B) Products used to construct or maintain pipelines used to transport oil or liquified natural gas.(2) The person is a financial institution that extends twenty million dollars ($20,000,000) or more in credit to another person, for forty-five (45) days or more, if that other person:(A) will use the credit to provide goods or services in the energy sector in Iran; and(B) is, at the time the financial institution extends credit, a person identified on the list as a person engaging in investment activities in Iran under subdivision (1).(b) A person's investment contract with the Indiana public retirement system may not be used as the basis for making a determination under this chapter that the person is engaged in investment activities in Iran.As added by P.L.21-2012, SEC.4.
Indiana Legal Code