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Economic Development Opportunity Deals With Public Entities and Their Constitutional Hurdles: What Can Be Learned from Schires v. Carlat | Snell & Wilmer


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In recent years, courts have seen an increasing amount of cases challenging Arizona economic development deal opportunities between public and private parties under the “Gift Clause” of article IX, section 7 of the Arizona Constitution. Generally speaking, the Gift Clause prohibits a public entity from offering donations, grants, or subsidies to private entities. In an economic development setting, the Gift Clause prohibits an agreement between a public and private entity that is so lopsided (i.e., the public entity is giving much more than it is receiving) that it constitutes a gift from the public entity. Companies and economic development departments will need to continue to consider the application of the Gift Clause to a transaction as there is increased competition across the nation for economic growth opportunities. ....

United States , Snell Wilmer , Arizona Supreme Court , Huntington University , Schires Court , Arrowhead Equities , Gift Clause , ஒன்றுபட்டது மாநிலங்களில் , ஸ்நெல் வில்மர் , அரிசோனா உச்ச நீதிமன்றம் , ஹண்டிங்டன் பல்கலைக்கழகம் , அம்புக்குறி பங்குகள் , பரிசு உட்கூறு ,