Sec. 12. 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. As added by P.L.189-2018, SEC.25.
IC 5-1.2-9-13 Report for proposed economic development project; plan commission; school superintendent Sec. 13. The authority shall prepare a report that: (1) briefly describes the proposed economic development project; (2) estimates the number and expense of public works or services that would be made necessary or desirable by the proposed economic development project, including public ways, schools, water, sewers, street lights, and fire protection; (3) estimates the total costs of the proposed economic development project; (4) for an economic development project that is not exclusively either a pollution control facility or an educational facility project, estimates the number of jobs and the payroll to be created or saved by the project; (5) for educational facility projects, describes how the project promotes the educational enrichment (including cultural, intellectual, scientific, or artistic opportunities) of the people of the state; and (6) for pollution control facilities, describes the facilities and how they will abate, reduce, or prevent pollution. The report shall be submitted to the executive director or chair of the plan commission, if any, having jurisdiction over the economic development project and, if the number of new jobs estimated exceeds one hundred (100), to the superintendent of the school corporation where the economic development project will be located. The executive director or chair of the plan commission and the school superintendent may formulate their written comments concerning the report and transmit their comments, if any, to the authority within five (5) days after the receipt of the report. As added by P.L.189-2018, SEC.25.