1. (a) As used in this section, "developer" means a person that:

   1. (1) proposes to enter into, or has entered into, a financing agreement with a unit for the development or redevelopment of a facility located in a district; and
   2. (2) has entered into a separate agreement with some other person for the use or operation of the financed facility.
2. (b) A unit may establish goals or benchmarks concerning the development or redevelopment of property by a developer. The unit may provide that a developer that meets or exceeds the goals or benchmarks shall be paid a specified fee from the industrial development fund.

As added by P.L.125-1998, SEC.22.