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Ind. Code § 4-33-23-11

Restrictions on parties to development agreements and recipients

As added by P.L.82-2011, SEC.1

Sec. 11. (a) A party that is not the development provider may not be a for-profit person.

(b) A specified recipient may not be a for-profit person.

(c) A specified recipient who disburses part or all of an economic development payment to an unspecified recipient has a duty to ensure that the expenditures made by the unspecified recipient directly advance the stated purposes of the economic development payment.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.