Indiana Code 4-33-23-4. “Economic development payment”
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Sec. 4. As used in this chapter, “economic development payment” means monetary disbursement paid under a development agreement that is:
(2) not paid in legitimate exchange for anything of value, including, without limitation:
(1) received by a unit of government or any other person; and
Terms Used In Indiana Code 4-33-23-4
- Contract: A legal written agreement that becomes binding when signed.
- development agreement: means the written agreement or group of written agreements that:
Indiana Code 4-33-23-2
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(A) a lease;
(B) a purchase order; or
(C) a service contract.
As added by P.L.82-2011, SEC.1.