Section 15A.4. Competitive programs — good neighbor agreement — additional consideration.

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For any program providing financial assistance for economic development in which the assistance is provided on a competitive basis, a business which enters into a good neighbor agreement shall receive extra consideration of at least ten points or the equivalent. A good neighbor agreement is an enforceable contract between the business and a community group or coalition of community groups which requires the business to adhere to negotiated environmental, economic, labor, or other social and community standards.
A business which fails to abide by the good neighbor agreement shall repay all financial assistance received under the program.
96 Acts, ch 1219, §96

                    
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