Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Also known as a memorandum of agreement, the inducement is a letter of intent signed by the company and the county financing authority. It establishes official action for IRS purposes. Money spent on the project after the date of inducement can generally be recovered from bond proceeds. Neither party is obligated by inducement to complete the financing.
