(a) Debarment proceedings under this subtitle against a person or business subject to debarment under this title may be instituted within 5 years after:
(1) a final judgment in a civil or criminal action that constitutes a cause for debarment;
(2) an admission, in writing or under oath, of an act or omission that constitutes grounds for a criminal conviction or civil liability that may be a cause for debarment; or
(3) the occurrence of any other event that constitutes a cause for debarment.
(b) Debarment proceedings under this subtitle against a person or business subject to debarment under this title may be instituted after the period set forth in subsection (a) of this section, only if such proceedings are brought within 1 year of the time when the State discovered, or by the exercise of ordinary diligence should have discovered, the grounds for debarment under this title.