1. (a) If all parties to a development agreement agree to modify the development agreement, the parties shall:

   1. (1) submit to the commission a written request for modification, which shall be signed by all parties;
   2. (2) submit a copy of the development agreement as it would appear after modification; and
   3. (3) submit a document explaining the parties' reasons for the requested modifications.
2. (b) The commission may consider a request for modification that complies with subsection (a).
3. (c) If the commission approves the parties' request, the parties shall provide the commission with a fully executed copy of the new development agreement not later than thirty (30) days after the date of commission approval.

As added by P.L.82-2011, SEC.1. Amended by P.L.6-2012, SEC.23.