Indiana Statutes

§ 4-33-23-13 — Economic development payments; deposits

Indiana § 4-33-23-13
JurisdictionIndiana
Art. 33RIVERBOAT GAMBLING
Ch. 23Administration of Local Development Agreements

This text of Indiana § 4-33-23-13 (Economic development payments; deposits) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 4-33-23-13 (2026).

Text

(a)Any recipient of an economic development payment must deposit the economic development payment into a separate and segregated bank account not later than five
(5)days after its receipt.
(b)The bank account referenced in subsection (a):
(1)must allow expenditures only in accordance with the terms of the development agreement;
(2)must be used to account for and report the proceeds of economic development payments; and
(3)must be maintained at an FDIC insured bank that is located in and has a corporate presence in the State of Indiana.

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Legislative History

As added by P.L.82-2011, SEC.1.

Nearby Sections

15
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Bluebook (online)
Indiana § 4-33-23-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-33-23-13.