5 §13070-K. Economic development incentive contract
Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 18-A: ECONOMIC AND COMMUNITY DEVELOPMENT HEADING: PL 1987, C. 534, PT. A, §17 (NEW)
Chapter 383: ECONOMIC AND COMMUNITY DEVELOPMENT HEADING: PL 1987, C. 534, PT. A, §17 (NEW)
Subchapter 2: BUSINESS DEVELOPMENT HEADING: PL 1987, C. 534, PT. A, §§17, 19 (NEW); 1989, C. 502, PT. A, §23 (RPR)
Article 6: RETURN ON PUBLIC INVESTMENT FROM ECONOMIC DEVELOPMENT INCENTIVES HEADING: PL 1997, C. 761, §2 (NEW)
§13070-K. Economic development incentive contract
If the commissioner enters into a contractual relationship with a business regarding the provision of an economic development incentive in return for the business's agreement to locate, expand or retain its facilities in the State, that contract must contain a statement of the State's expected public benefit from its investment of public funds. [2001, c. 481, §3 (AMD).]
SECTION HISTORY
1997, c. 761, §2 (NEW). 2001, c. 481, §3 (AMD).