What does PARIS consider an active project?
An “active project” is one in which the authority and the project developer have entered into a written agreement that outlines the terms and conditions imposed on the project developer and where at least one of the following has happened: the project had straight lease transactions; the project had bonds or notes issued, outstanding or retired; the project had the property title transferred to the IDA or have not yet transferred title back to the project owner; or the project received tax exemptions or other financial assistance through the IDA.
