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;
(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.