{"data":{"id":"us-in/ic-5-28-28-8","jurisdiction":"us-in","citation":"IC 5-28-28-8","heading":"Incentive recapture; waiver or modification","body":"Sec. 8. (a) As used in this section, \"recapture provision\" means language that requires the recipient of an incentive to repay some part of the incentive.\n(b) The corporation may waive or modify a recapture provision of this article or an agreement made with a person to whom the corporation has awarded an incentive if the corporation determines that the recipient of an incentive awarded by the corporation has failed to meet a condition for receiving the incentive because of circumstances beyond the recipient's control, including:\n(1) natural disaster;\n(2) unforeseen industry trends;\n(3) lack of available labor force;\n(4) loss of a major supplier or market; or\n(5) another circumstance beyond the recipient's control, as determined by the corporation.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 28. INDIANA ECONOMIC DEVELOPMENT CORPORATION","Chapter 28. State Economic Incentives and Compliance Report"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-28-28-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"25416468a016b601f60303b420774046ed7c3485f580a9581ec8a6422131fa84","source_id":"us-in","stale":false,"prev":"us-in/ic-5-28-28-7","next":"us-in/ic-5-28-28-9"},"notice":"GroundRules: Original legal text. Not legal advice."}