AGDC and developer defend contract 'clawback' language after confidential draft circulates
AGDC and Glenfarn told the HB 381 conference committee a leaked draft described a negotiable, state-option 'clawback' that would be payable rather than punitive; developers said the mechanism was negotiated to protect the state's interest while preserving developer incentives.
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AGDC and Glenfarn addressed a confidential draft document that circulated in the media during the HB 381 conference committee hearing. Matt Kissinger of AGDC described the paper as a draft that outlined options — including a paid clawback allowing the state to remove the developer if milestones are missed — and said AGDC negotiated the option to protect state interests while preserving developer incentives.
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