Goals or benchmarks for property development or redevelopment

Ind. Code § 36-7-13-18
in effect
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Sec. 18. (a) As used in this section, "developer" means a person that: (1) proposes to enter into, or has entered into, a financing agreement with a unit for the development or redevelopment of a facility located in a district; and (2) has entered into a separate agreement with some other person for the use or operation of the financed facility. (b) A unit may establish goals or benchmarks concerning the development or redevelopment of property by a developer. The unit may provide that a developer that meets or exceeds the goals or benchmarks shall be paid a specified fee from the industrial development fund. As added by P.L.125-1998, SEC.22.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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Ind. Code § 36-7-13-18 — Goals or benchmarks for property development or redevelopment | Indiana Code (Aug. 2026 snapshot) | Corpus