Legislative Authorization. This Agreement is governed by and subject to the restrictions set forth in the Act. In the event that there is legislation enacted in the future which alters or affects the amount of Tax Increment Revenues subject to capture, Eligible Properties, or Eligible Activities, then the Developer’s rights and the Authority’s obligations under this Agreement may be modified accordingly by agreement of the parties.
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Sources: Brownfield Reimbursement Agreement, Brownfield Reimbursement Agreement
Legislative Authorization. This Agreement is governed by and subject to the restrictions set forth in the ActAct 381. In the event that there is legislation enacted in the future which alters or affects the amount of Tax Increment Revenues subject to capture, Eligible Properties, or Eligible Activities, then the Developer’s rights and the Authority’s obligations under this Agreement may be modified accordingly by agreement of the parties.Eligible
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