Incentives shall be funded in accordance with the terms of this section. In the event
that governmental fees are outstanding when incentives are due, incentives shall be
funded in the form of set-offs. In the event no governmental fees are outstanding
when incentives are due, incentives shall be funded in the form of set-offs, direct
compensation, land, or a combination thereof, the form and amounts of which shall
be at the sole discretion of the county. All outstanding governmental fees must be
paid prior to the participant's receipt of direct compensation. Delinquent ad valorem
taxes on capital improvements and the underlying and associated land and all delinquent
ad valorem taxes on personal property that the participant owes the county must be
paid prior to the participant's receipt of any incentives.