10-Affidavit of Compliance with Foreign Entity Laws 287.138.pdf

This document is a statutory affidavit from the Town of Palm Beach Procurement and Contracts Management Division regarding contracting restrictions with foreign entities. The document outlines specific legal requirements for governmental entities in Florida when considering contracts with entities from certain foreign countries, including the People's Republic of China, Russian Federation, Islamic Republic of Iran, Democratic People's Republic of Korea, Republic of Cuba, Venezuelan regime, and Syrian Arab Republic.

The statute, Section 287.138, establishes comprehensive prohibitions and compliance requirements for governmental entities. Key provisions include restrictions on entering contracts with foreign entities that could provide access to personal identifying information, with specific implementation dates: beginning January 1, 2024, entities must obtain an affidavit attesting compliance before accepting bids or proposals, and by July 1, 2025, entities cannot extend or renew contracts with non-compliant foreign entities. Potential violations can result in significant penalties, including civil penalties up to twice the contract amount, ineligibility to contract with governmental entities for up to 5 years, and placement on a suspended vendor list.