Current through P.L. 171-2024
Section 4-33-23-11 - Restrictions on parties to development agreements and recipients(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.Amended by P.L. 6-2012, SEC. 22, eff. 2/22/2012.Added by P.L. 82-2011, SEC. 1, eff. 4/28/2011.