The amount of any payment of sums in lieu of taxes may be based on the estimated cost
to each political subdivision, for and on whose behalf an agreement is entered into,
of performing services for the benefit of a project during the period of an agreement,
after taking into consideration the benefits to be derived by the political subdivision
from such project, but shall not be in excess of the taxes which would result to the
political subdivision for said period if the real property of the project within the
political subdivision were taxable.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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