Restrictions on Parties to Development Agreements and Recipients

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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.


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