Section 6-3.6-2-8 - "Economic development project" "Economic development project" means any project that:
(1) the county, city, or town determines will:(A) promote significant opportunities for the gainful employment of its citizens;(B) attract a major new business enterprise to the county, city, or town; or(C) retain or expand a significant business enterprise within the county, city, or town; and(2) involves an expenditure for: (A) the acquisition of land;(D) infrastructure improvements;(G) rehabilitation, renovation, and enlargement of buildings and structures;(L) administrative expenses associated with a project described in this section, including contract payments to a nonprofit corporation whose primary corporate purpose is to assist government in planning and implementing economic development projects;(M) operating expenses of a governmental entity that plans or implements economic development projects; or(N) substance removal or remedial action in a designated county, city, or town; or any combination of these.
Added by P.L. 243-2015, SEC. 10, eff. 7/1/2015.