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.
Structure Indiana Code
Title 4. State Offices and Administration
Article 33. Riverboat Gambling
Chapter 23. Administration of Local Development Agreements
4-33-23-2. "Development Agreement"
4-33-23-3. "Development Provider"
4-33-23-4. "Economic Development Payment"
4-33-23-5. "Specified Recipient"
4-33-23-6. "Unspecified Recipient"
4-33-23-7. Commission Jurisdiction Over Development Agreements
4-33-23-8. Development Agreements; Required Statement
4-33-23-9. Development Agreements; Economic Development Payments
4-33-23-10. Annual Reports of Development Providers
4-33-23-11. Restrictions on Parties to Development Agreements and Recipients
4-33-23-12. Nonprofit Specified Recipients; Conflict of Interest Statements
4-33-23-13. Economic Development Payments; Deposits
4-33-23-14. Development Agreement Modifications
4-33-23-15. Modifications Following Commission Disapproval of an Economic Development Agreement
4-33-23-16. Filings Made Available to the Attorney General Upon Request
4-33-23-17. Political Subdivision Reporting to the Department of Local Government Finance