Indiana § 5-1.2-9-12 Negotiation of financing agreements; considerations; expenses

Indiana Statutes

§ 5-1.2-9-12 — Negotiation of financing agreements; considerations; expenses

Indiana § 5-1.2-9-12

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 9Economic Development Projects

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Bluebook

Ind. Code § 5-1.2-9-12 (2026).

Text

The authority may enter into negotiations with one (1) or more persons concerning the terms and conditions of financing agreements for economic development projects. The authority shall consider whether a proposed economic development project may have an adverse competitive effect on similar economic development projects already constructed or operating in the local governmental unit where the economic development project will be located. Preliminary expenses in connection with negotiations under this section may be paid from:

(1)money furnished by the proposed user or developer;

(2)money made available by the state or federal government, or by any of their departments or agencies; or

(3)money of the authority.

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The authority may enter into negotiations
with one (1) or more persons concerning the terms and conditions of
financing agreements for economic development projects. The
authority shall consider whether a proposed economic development
project may have an adverse competitive effect on similar economic
development projects already constructed or operating in the local
governmental unit where the economic development project will be
located. Preliminary expenses in connection with negotiations under
this section may be paid from:
(1) money furnished by the proposed user or developer;
(2) money made available by the state or federal government, or
by any of their departments or agencies; or
(3) money of the authority.