(a) A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to:(1) Finance economic development projects; or(2) Provide economic development services.
(1) Finance economic development projects; or
(2) Provide economic development services.
(b) Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development.