Sec. 4.8. (a) Records relating to negotiations between the office of tourism development (before July 1, 2020) or the Indiana destination development corporation (after June 30, 2020) and industrial, research, or commercial prospects are excepted from section 3 of this chapter at the discretion of the office of tourism development (before July 1, 2020) or the Indiana destination development corporation (after June 30, 2020) if the records are created while negotiations are in progress.

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Terms Used In Indiana Code 5-14-3-4.8

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
     (b) Notwithstanding subsection (a), the terms of the final offer of public financial resources communicated by the office of tourism development (before July 1, 2020) or the Indiana destination development corporation (after June 30, 2020) to an industrial, a research, or a commercial prospect shall be available for inspection and copying under section 3 of this chapter after negotiations with that prospect have terminated.

     (c) When disclosing a final offer under subsection (b), the office of tourism development (before July 1, 2020) or the Indiana destination development corporation (after June 30, 2020) shall certify that the information being disclosed accurately and completely represents the terms of the final offer.

As added by P.L.229-2005, SEC.3. Amended by P.L.78-2019, SEC.3.

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