Restrictions on parties to development agreements and recipients

Ind. Code § 4-33-23-11
in effect
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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. As added by P.L.82-2011, SEC.1. Amended by P.L.6-2012, SEC.22.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026

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