Sec. 14. (a) If all parties to a development agreement agree to modify the development agreement, the parties shall:

(1) submit to the commission a written request for modification, which shall be signed by all parties;

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Terms Used In Indiana Code 4-33-23-14

  • development agreement: means the written agreement or group of written agreements that:

    Indiana Code 4-33-23-2

(2) submit a copy of the development agreement as it would appear after modification; and

(3) submit a document explaining the parties’ reasons for the requested modifications.

     (b) The commission may consider a request for modification that complies with subsection (a).

     (c) If the commission approves the parties’ request, the parties shall provide the commission with a fully executed copy of the new development agreement not later than thirty (30) days after the date of commission approval.

As added by P.L.82-2011, SEC.1. Amended by P.L.6-2012, SEC.23.