reglab/statecodes huggingface dataset:
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588aa - State Assistance for Economic Development › Section 32-702. - Procedure if noncompliance with agreement. Default. Penalty.

If an awarding authority finds that a recipient of state assistance is not in substantial compliance with any other provision of the agreement and such noncompliance is within the recipient's control, the awarding authority shall provide written notice, by registered mail, to the recipient and shall order the recipient to come into compliance with such agreement not less than one hundred eighty days following receipt of such notice. Failure to comply with reporting requirements set forth in such agreement shall constitute a default. If the recipient fails to come into compliance with such agreement within the one-hundred-eighty-day period, the awarding authority may (1) rescind the agreement and require that the state be made whole by the repayment by the recipient of (A) the amount of any grant made, (B) the amount of any loan outstanding, including any interest necessary to make the state whole, or (C) the amount of any tax benefit received, or (2) impose a penalty on such recipient, for the period of failure to comply, at the rate of one per cent per month or any part thereof of the amount of the grant, tax benefit or loan outstanding. The awarding authority may foreclose on any collateral or bond related to such grant, tax benefit or loan for the purpose of payment of such penalty and any costs incurred by the awarding authority in connection with collection of such penalty.
(P.A. 02-86, S. 3.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588aa - State Assistance for Economic Development › Section 32-703. - Lien on security. Exception.

If the terms and conditions of an agreement for state assistance, except an agreement for grants only, provide for security, the awarding authority providing such state assistance shall have a lien on such security in an amount equal to the amount that is due on such state assistance or other appropriate security for such financial assistance. Any such lien shall have priority over all other subsequent liens except state tax liens, except if the awarding authority determines it is not in the best interests of the state to have such priority. The awarding authority shall notify the State Bond Commission or the appropriate board of directors, if any, of such determination.
(P.A. 02-86, S. 4.)
History: P.A. 02-86 effective July 1, 2002.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588b - Loan Incentives for Employment (Repealed) › Section 32-130 and 32-131. - Loan incentives for employment. Bond issue.

Sections 32-130 and 32-131 are repealed.
(P.A. 85-536, S. 1–3; P.A. 86-107, S. 16, 19; P.A. 87-416, S. 20, 24; P.A. 88-265, S. 35, 36.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588bb - Connecticut Rural Development Council › Section 32-710. - Connecticut Rural Development Council. Established. Duties.

(a) There is established the Connecticut Rural Development Council in accordance with the Federal Farm Security and Rural Investment Act of 2002, as amended from time to time.
(b) The Connecticut Rural Development Council shall be composed of the requisite board and membership required under the Federal Farm Security and Rural Investment Act of 2002, as amended from time to time.
(c) The Connecticut Rural Development Council shall monitor, report and comment on policies and programs that address or fail to address the following goals with respect to rural areas: (1) Coordination of state, federal, tribal and private sector relationships to increase efficiency, eliminate duplication, identify gaps and promote the interests of rural areas, and (2) promotion of the fiscal autonomy of rural municipalities.
(P.A. 04-120, S. 1.)
History: P.A. 04-120 effective July 1, 2004.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588c - Industrial Development Bonds › Section 32-140. - Definitions.

As used in sections 32-140 to 32-142, inclusive:
(1) “Private activity bonds” means any bonds or notes which meet the criteria set forth in Section 141 of the Internal Revenue Code of 1986, as amended, the interest on which is exempt from tax under Section 103 of the Internal Revenue Code of 1986, as amended, except for those bonds which are specifically excluded from the state ceiling under the terms of Section 146 of the Internal Revenue Code of 1986, as amended.
(2) “State ceiling” means the limit which is prescribed by Section 146 of the Internal Revenue Code of 1986, as amended, on the amount of private activity bonds which may be issued collectively by all state issuers in any calendar year.
(3) “State issuer” means the state or any political subdivision thereof, any municipality or any political subdivision thereof or any department, agency, authority or other body of the state or any municipality, which is authorized to issue private activity bonds.
(P.A. 85-526, S. 1, 5; P.A. 87-539, S. 1, 5.)
History: P.A. 87-539 amended references to reflect adoption of the Internal Revenue Code of 1986.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588c - Industrial Development Bonds › Section 32-142. - State Bond Commission authority re private activity bonds.

(a) The State Bond Commission, established under section 3-20 shall have all powers and duties related to any and all matters concerning private activity bonds, as defined in section 32-140.
(b) When the General Assembly is not in regular or special session, the State Bond Commission may, for the then existing calendar year only, in response to a recommendation from the Governor or on its own initiative, modify any private activity bond allocation established under section 32-141 upon determining that such action would be in the best interests of the state. The commission may conduct a public hearing before making any such modification.
(P.A. 85-526, S. 3, 5; P.A. 87-539, S. 3, 5; P.A. 91-210, S. 4, 5; 91-280, S. 2, 4; P.A. 96-251, S. 13; P.A. 00-167, S. 65, 69; June Sp. Sess. P.A. 01-7, S. 9, 28.)
History: P.A. 87-539 removed prohibition against commission meeting during periods when the general assembly is in session; P.A. 91-210 amended Subsec. (c) to correct reference to Sec. 32-141 from the previous incorrect reference to 31-241; P.A. 91-280 amended Subsec. (a) by adding the chairpersons and ranking members of the joint standing committee on commerce and exportation to the commission; P.A. 96-251 amended Subsec. (d) by requiring that on and after October 1, 1996, reports be submitted to finance, planning and development and commerce committees and upon request to legislators and by adding provisions re submission of report summaries to legislators; P.A. 00-167 amended Subsec. (b) to change the minimum meeting requirement for the commission from twice annually to once annually, effective July 1, 2000; June Sp. Sess. P.A. 01-7 deleted former Subsecs. (a), (b) and (d) re the State Private Activity Bond Commission, added new Subsec. (a) providing that the State Bond Commission shall have power re private activity bonds and redesignated former Subsec. (c) as Subsec. (b), making a conforming change therein, effective July 1, 2001.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588cc - Innovation Network for Economic Development › Section 32-716. - Legislative finding.

It is found and declared that the maintenance and continued development of the state's technology-based sector is important to create a vibrant technology-based economy in Connecticut which (1) encourages and retains entrepreneurs; (2) drives an innovation engine to sustain a technology pipeline; (3) mines the resources and expertise of local technology-based companies, universities, hospitals and other institutions; (4) encourages productive regional collaborations among academic and medical institutions; and (5) results in new Connecticut-sited businesses. It is found that in order for innovation to exist, the state needs a blend of technology, talent and capital as well as the participation and cooperation of the state's agencies and authorities in providing financial assistance that will improve the timeliness of promoting such collaborations and therefore the necessity in the public interest and for the public benefit and good for the provisions of sections 32-716 to 32-718, inclusive, is hereby declared as a matter of legislative determination.
(P.A. 05-165, S. 1.)
History: P.A. 05-165 effective July 1, 2005.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588cc - Innovation Network for Economic Development › Section 32-717 and 32-718. - Implementation plan for Innovation Network. Funding for plan implementation.

Sections 32-717 and 32-718 are repealed, effective July 1, 2011.
(P.A. 05-165, S. 2, 3; P.A. 10-75, S. 20; P.A. 11-48, S. 303; 11-140, S. 11.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588d - Employee Ownership Trust Fund (Repealed) › Section 32-150 and 32-151. - Loans and loan subsidies for employee groups for business purchases; regulations. Employee Ownership Trust Fund.

Sections 32-150 and 32-151 are repealed.
(P.A. 85-159, S. 14, 15, 19; 85-469, S. 4, 6; P.A. 86-107, S. 13, 19; 86-320, S. 1–3; P.A. 88-265, S. 35, 36.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588dd - Office of the Business Advocate. Office of the Permit Ombudsman › Section 32-725. - Office of the Business Advocate.

Section 32-725 is repealed, effective January 1, 2009.
(P.A. 06-83, S. 8; Nov. 24 Sp. Sess. P.A. 08-1, S. 17.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588e - Northeast Connecticut Capital Assistance Fund (Repealed) › Section 32-156 and 32-157. - Northeast Connecticut Capital Assistance Fund; definitions; revolving loans; regulations. Bond issue.

Sections 32-156 and 32-157 are repealed.
(P.A. 86-342, S. 1–3; P.A. 87-273, S. 5; 87-416, S. 21, 24; P.A. 88-265, S. 35, 36.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588ee - Connecticut Competitiveness Council (Repealed) › Section 32-730. - Connecticut Competitiveness Council.

Section 32-730 is repealed, effective July 1, 2011.
(P.A. 10-75, S. 19; P.A. 11-48, S. 303; 11-140, S. 33.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588f - Exporters Revolving Loan Fund (Repealed) › Section 32-160 to 32-163. - Exporters Revolving Loan Fund.

Sections 32-160 to 32-163, inclusive, are repealed.
(P.A. 86-347, S. 1–5; P.A. 87-405, S. 21, 26; P.A. 88-265, S. 35, 36.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588ff - Regional Economic Development Districts › Section 32-741. - Establishment of regional economic development districts. Board of directors. Boundaries.

(a) In order to coordinate, implement and promote responsible economic growth and activities in this state, any of the following entities may, after approval by the Commissioner of Economic and Community Development, the Secretary of the Office of Policy and Management and the Assistant Secretary of Economic Development of the United States Department of Commerce, either individually or in conjunction with one or more other such entities, establish a regional economic development district for the purposes of sections 8-35a, 16a-27, 32-1o and 32-742 to 32-745, inclusive: (1) A regional economic development commission formed under section 7-137; (2) any organization that has a strategy that would meet the requirements of section 32-742 and has been approved by the Assistant Secretary of Economic Development of the United States Department of Commerce; (3) a corporation exempt from federal income tax under Section 501(a) of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as amended from time to time; (4) another regional economic development commission or corporation formed under any other provision of the general statutes or any special act; or (5) a regional council of governments, as defined in section 4-124i. The entity or entities establishing a regional economic development district shall provide for a board of directors of the district. Not more than nine regional economic development districts shall be established pursuant to this subsection.
(b) The boundaries of such districts shall encompass one or more planning regions, designated or redesignated pursuant to section 16a-4a.
(P.A. 10-168, S. 1; P.A. 15-155, S. 1.)
History: P.A. 10-168 effective July 1, 2010; P.A. 15-155 amended Subsec. (a) by changing “planning organization” to “council of governments” in Subdiv. (5) and by increasing number of districts permitted from 8 to 9, and amended Subsec. (b) by deleting provisions re district boundaries to be contiguous with former county government regions and districts to comply with distress requirement provisions.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588ff - Regional Economic Development Districts › Section 32-743. - Review and approval of comprehensive economic development strategy. Approval and designation of region as economic development district.

(a) The boards of directors of regional economic development districts shall submit each adopted and approved comprehensive economic development strategy to the Commissioner of Economic and Community Development and to the Secretary of the Office of Policy and Management for review. Said commissioner and secretary may review and make recommendations to the regional economic development districts for consolidation of the comprehensive economic development strategies to encompass not more than eight regions for the entire state. After review by said commissioner and secretary and with the concurrence from the board of directors of the districts, the regional economic development districts may submit such strategy to the Assistant Secretary of the United States Department of Commerce for approval pursuant to 42 USC 3121 et seq.
(b) A board of directors of a state approved regional economic development district that adopts a comprehensive economic development strategy in accordance with sections 32-741 and 32-742 may request the Commissioner of Economic and Community Development to approve the region as an economic development district. If said commissioner approves the regional economic development district as an economic development district, said commissioner shall recommend to the Governor that the region be designated by the Governor as an economic development district. Upon such designation by the Governor, the board of directors may request federal designation as an economic development district from the Assistant Secretary of the United States Department of Commerce pursuant to 42 USC 3121 et seq. Approval by the Commissioner of Economic and Community Development of the comprehensive economic development strategy under section 32-742 shall be deemed to meet the requirements of 42 USC 3121 et seq.
(P.A. 10-168, S. 3.)
History: P.A. 10-168 effective July 1, 2010.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588ff - Regional Economic Development Districts › Section 32-744. - Priority regional grants to regional economic development districts.

The Commissioner of Economic and Community Development may, within available appropriations, make priority regional grants to regional economic development districts for municipal development projects and for economic development and manufacturing assistance pursuant to sections 8-186 to 8-200, inclusive, and sections 32-220 to 32-234, inclusive.
(P.A. 10-168, S. 4.)
History: P.A. 10-168 effective July 1, 2010.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588ff - Regional Economic Development Districts › Section 32-745. - Projects identified in comprehensive economic development strategies. Eligibility for funding.

Notwithstanding any provision of the general statutes or any public or special act, projects identified in comprehensive economic development strategies approved by the Commissioner of Economic and Community Development, the Secretary of the Office of Policy and Management or the Assistant Secretary of the United States Department of Commerce under sections 32-742 and 32-743 shall be eligible for funding from any bond funds available to the Commissioner of Economic and Community Development.
(P.A. 10-168, S. 5.)
History: P.A. 10-168 effective July 1, 2010.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588g - Job Training Coordination (Repealed) › Section 32-170 and 32-171. - Connecticut Job Training Coordinating Council. Service delivery areas.

Sections 32-170 and 32-171 are repealed.
(P.A. 86-326, S. 1, 2; P.A. 89-292, S. 5, 6.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-762. - Brownfield remediation and development account.

(a) There is established an account to be known as the “brownfield remediation and development account”, which shall be a separate, nonlapsing account within the General Fund. There shall be deposited in the account: (1) The proceeds of bonds issued by the state for deposit into said account and used in accordance with this section; (2) repayments of assistance provided pursuant to subsection (c) of section 22a-133u; (3) interest or other income earned on the investment of moneys in the account; (4) funds recovered pursuant to sections 32-766 and 32-767; (5) any proceeds realized by the state from activities pursuant to section 32-763 or section 32-765; and (6) all funds required by law to be deposited in the account. Any balance remaining in the account at the end of any fiscal year shall be carried forward in the account for the fiscal year next succeeding.
(b) All moneys received in consideration of financial assistance, including payments of principal and interest on any loans made pursuant to section 32-765, shall be credited to the account and shall become part of the assets of the account. At the discretion of the Commissioner of Economic and Community Development and subject to the approval of the Secretary of the Office of Policy and Management, any federal, private or other moneys received by the state in connection with projects undertaken pursuant to section 32-763 or section 32-765 shall be credited to the assets of the account.
(c) Notwithstanding any provision of the general statutes, proceeds from the sale of bonds available pursuant to subdivision (1) of subsection (b) of section 4-66c may, with the approval of the Governor and the State Bond Commission, be used to capitalize the account.
(d) The commissioner may use funds in the account (1) to provide financial assistance for the remediation and development of brownfields in the state pursuant to section 32-763 or section 32-765, (2) to provide financial assistance to parcel owners required to perform mitigation actions pursuant to section 22a-6u, and (3) for administrative costs not to exceed five per cent of such funds.
(P.A. 13-308, S. 3.)
History: P.A. 13-308 effective July 1, 2013.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-766. - Terms and conditions of financial assistance.

The Commissioner of Economic and Community Development shall establish the terms and conditions of any financial assistance provided pursuant to section 32-763 or section 32-765. The commissioner may make any stipulation in connection with an offer of financial assistance the commissioner deems necessary to implement the policies and purposes of section 32-763 or section 32-765, including, but not limited to, (1) a requirement of assurance from a grant or loan recipient that such recipient will discharge its obligations in connection with the project, (2) a requirement that a grant or loan recipient provide the department with appropriate security for such financial assistance, including, but not limited to, a letter of credit, a lien on real property or a security interest in goods, equipment, inventory or other property of any kind, and (3) a requirement that a grant or loan recipient reimburse the state for such financial assistance in the event that it receives funds for remediation from other sources.
(P.A. 13-308, S. 7.)
History: P.A. 13-308 effective July 1, 2013.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-767. - Reimbursement for costs and expenses of assessment or remediation.

(a) Whenever funds are used pursuant to section 32-763 or section 32-765, for purposes of environmental assessments or remediation of a brownfield, the Commissioner of Energy and Environmental Protection may seek reimbursement of the costs and expenses incurred by requesting the Attorney General to bring a civil action to recover such costs and expenses from any party responsible for such pollution, provided no such action shall be brought separately from any action to recover costs and expenses incurred by the Commissioner of Energy and Environmental Protection in pursuing action to contain, remove or mitigate any pollution on such site. The costs and expenses recovered in an action brought pursuant to this section may include, but shall not be limited to: (1) The actual cost of identifying, evaluating, planning for and undertaking the remediation of the site; (2) any administrative costs not exceeding ten per cent of the actual costs; (3) the costs of recovering the reimbursement; and (4) interest on the actual costs at a rate of ten per cent per year from the date such expenses were paid.
(b) The defendant in any civil action brought pursuant to this subsection shall have no cause of action or claim for contribution against any person with whom the Commissioner of Energy and Environmental Protection has entered into a covenant not to sue pursuant to section 22a-133aa or 22a-133bb with respect to pollution on or emanating from the property that is the subject of said civil action.
(c) Any funds recovered pursuant to this section shall be deposited in the brownfield remediation and development account established pursuant to section 32-762. The provisions of this section shall be in addition to any other remedies provided by law.
(P.A. 13-308, S. 8.)
History: P.A. 13-308 effective July 1, 2013.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-772. - Board of directors.

(a) The powers of a Connecticut brownfield land bank shall be vested in and exercised by a board of directors that shall consist of not less than five and not more than eleven members, each with knowledge and expertise in matters related to the purposes and activities of a Connecticut brownfield land bank, as established in section 32-773. The board shall elect from its members a chairperson and such other officers as it deems necessary and shall adopt such bylaws and procedures it deems necessary to carry out its functions. The board may establish committees and subcommittees as necessary to conduct its business.
(b) Notwithstanding any provision of the general statutes, any public officer shall be eligible to serve as a member of the board of directors and the acceptance of the appointment shall neither terminate nor impair such public office. For purposes of this section, “public officer” means a person who is elected or appointed to any state or municipal office. Any state or municipal employee shall be eligible to serve as a board member.
(c) Members of the board of directors shall have the power to organize and reorganize the executive, administrative, clerical and other departments of a Connecticut brownfield land bank and to fix the duties, powers and compensation of all employees, agents and consultants of a Connecticut brownfield land bank.
(d) Board members shall serve without compensation, provided each board member shall be entitled to reimbursement for such member's actual and necessary expenses incurred during the performance of such member's official duties.
(e) Members of the board of directors shall not be liable personally on the loans or other obligations or environmental liabilities of the Connecticut brownfield land bank, and the rights of creditors shall be solely against such land bank.
(P.A. 17-214, S. 3.)
History: P.A. 17-214 effective July 1, 2017.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-773. - Purposes. Powers.

(a) The purposes of a Connecticut brownfield land bank shall be to (1) acquire, retain, remediate and sell brownfields in the state on behalf of municipalities pursuant to land banking agreements with such municipalities, (2) educate government officials, community leaders, economic development agencies and nonprofit organizations on best practices for redeveloping brownfields, and (3) engage in all other activities in accordance with sections 32-771 to 32-775, inclusive. In addition to those powers, rights, privileges and immunities granted under chapter 602, a Connecticut brownfield land bank is authorized and empowered to do the following in furtherance of its purposes:
(A) Enter into land banking agreements with municipalities for the acquisition, retention, remediation and sale of real property within such municipalities on behalf of such municipalities.
(B) Enter into contracts and agreements with municipalities for staffing services to be provided to the Connecticut brownfield land bank by such municipalities, or agencies or departments thereof, or for a Connecticut brownfield land bank to provide such staffing services to such municipalities, or agencies or departments thereof in relation to the duties of such land bank.
(C) Obtain grant funds or borrow from private lenders, municipalities, the state or the federal government, as may be necessary, for the operation of such Connecticut brownfield land bank.
(D) Procure insurance or guarantees from the state or federal government of the payments of any debts, or parts thereof, incurred by such Connecticut brownfield land bank, and to pay premiums in connection therewith.
(E) Do all other things necessary or convenient to achieve the purposes of such Connecticut brownfield land bank and comply with any law relating to the purposes and responsibilities of such land bank.
(F) Acquire real property, as described in subsection (b) of section 32-775, by purchase contracts, lease purchase agreements, installment sales contracts, land contracts and foreclosure of municipal tax liens. A Connecticut brownfield land bank may accept transfers of real property from municipalities upon such terms and conditions as agreed to by the brownfield land bank and the municipality. Notwithstanding any provision of the general statutes or of any special act, municipal charter or home rule ordinance, any municipality may transfer and convey to a Connecticut brownfield land bank real property and interests in real property located in the municipality on such terms and conditions and according to such procedures as determined by the municipality.
(b) A Connecticut brownfield land bank shall neither possess nor exercise the power of eminent domain.
(P.A. 17-214, S. 4.)
History: P.A. 17-214 effective July 1, 2017.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-774. - Tax exemption.

The exercise of the powers granted by sections 32-771 to 32-775, inclusive, shall be in all respects for the benefit of the people of the state, for the increase of their commerce, welfare and prosperity, and as the exercise of such powers shall constitute the performance of an essential public function, a Connecticut brownfield land bank shall not be required to pay any taxes or assessments upon or in respect of any revenues or property received, acquired, transferred or used by such Connecticut brownfield land bank, or upon or in respect of the income from such revenues or property.
(P.A. 17-214, S. 5.)
History: P.A. 17-214 effective July 1, 2017.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-775. - Obligations re acquisition, ownership and transfer of real property.

(a) A Connecticut brownfield land bank shall hold in its own name all real property acquired by such land bank irrespective of the identity of the transferor of such property.
(b) A Connecticut brownfield land bank shall acquire only brownfield sites and other real property, located adjacent or in close proximity to brownfield sites to be acquired, that are identified in a land banking agreement between such Connecticut brownfield land bank and the municipality in which such properties are located.
(c) A Connecticut brownfield land bank shall maintain and make available for public review and inspection an inventory of all real property held by such land bank.
(d) A Connecticut brownfield land bank shall determine and set forth in policies and procedures the general terms and conditions for consideration to be received by such land bank for the transfer to such land bank of real property and interests in real property, which consideration may take the form of monetary payments and secured financial obligations, covenants and conditions related to the present and future use of such real property, contractual commitments of the transferee, and such other forms of consideration as determined by the board of directors to be in the best interest of such land bank.
(e) A Connecticut brownfield land bank may convey, exchange, sell, transfer, lease as lessee, grant, release and demise, pledge and hypothecate any and all interests in, upon or to real property of the brownfield land bank, provided such land bank may only convey, exchange, transfer or sell real property with the approval of the municipality in which such real property is located pursuant to the terms of a land banking agreement entered into with such municipality.
(P.A. 17-214, S. 6.)
History: P.A. 17-214 effective July 1, 2017.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588gg - Brownfield Remediation and Development › Section 32-776. - 7/7 Program. Regulations.

Section 32-776 is repealed, effective June 26, 2019.
(June Sp. Sess. P.A. 17-2, S. 168; P.A. 19-117, S. 397.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588i - Connecticut-Israel Exchange Commission › Section 32-180. - Connecticut-Israel Exchange Commission. Membership. Organization.

(a) There is established the Connecticut-Israel Exchange Commission. The commission shall be within the Department of Economic and Community Development for the purpose of promoting and expanding economic, scientific, educational, technological, commercial, industrial and cultural cooperation and exchange between the state of Connecticut and the state of Israel.
(b) The Connecticut-Israel Exchange Commission shall be comprised of: (1) The Governor, the speaker of the House of Representatives, the president pro tempore of the Senate, the majority leader of the House of Representatives, the majority leader of the Senate, the minority leader of the House of Representatives, the minority leader of the Senate, or their designees, and the cochairmen and ranking members of the joint standing committees of the General Assembly having cognizance of matters relating to economic development and education; (2) the Commissioner of Economic and Community Development, or his designee; (3) two public members appointed by the Governor; and (4) two members appointed by the speaker of the House of Representatives, two members appointed by the president pro tempore of the Senate, two members appointed by the minority leader of the House of Representatives and two members appointed by the minority leader of the Senate. Of the members appointed under subdivision (4) of this subsection, each appointing authority shall appoint one member from the public and one member from the General Assembly. The Governor shall appoint from among the members of the commission a chairperson who shall serve in that capacity at the pleasure of the Governor.
(c) The first appointments shall be made on or before July 1, 1988. The term of each appointed member shall be coterminous with the appointing authority or until a successor is chosen, whichever is longer. Vacancies shall be filled by the appointing authority.
(d) The members of the commission shall receive no compensation for their services but shall be reimbursed for any reasonable and necessary expenses incurred in the performance of their duties.
(e) The commission shall organize itself in such manner as it deems desirable and necessary. Seven members of the commission shall constitute a quorum and the affirmative vote of a majority of the members present at a meeting shall be necessary to take any action or adopt any motion or resolution.
(P.A. 88-209, S. 1, 4; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6.)
History: P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Economic Development with Commissioner and Department of Economic and Community Development.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588i - Connecticut-Israel Exchange Commission › Section 32-181. - Powers and functions.

The commission shall have the following powers and functions:
(1) To request and obtain from any department, board, commission or other agency of the state or of any municipality, authority or other political subdivision within the state such assistance and data as will enable it to carry out the purposes of this chapter;
(2) To accept any federal funds granted for all or any of the purposes of this chapter;
(3) To accept any gifts, donations, bequests or grants of funds from private and public agencies for all or any of the purposes of this chapter;
(4) To create committees necessary for the performance of responsibilities pursuant to this chapter and to appoint members thereto;
(5) To work with representatives from the state of Israel in forming a counterpart to the commission in the state of Israel;
(6) To work with its counterpart organization in the state of Israel and with the business, financial and academic communities in the state to encourage and schedule visits, conferences and exchanges between the state and the state of Israel concerning industrial development, commerce and trade, culture, science and technology, medicine and health care research and education; and
(7) To perform such other acts as may be necessary and appropriate to promote mutual prosperity, development and understanding between the state of Connecticut and the state of Israel.
(P.A. 88-209, S. 2, 4.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588i - Connecticut-Israel Exchange Commission › Section 32-182. - Assistance from the Department of Economic and Community Development. Contributions from private agencies.

The Department of Economic and Community Development may provide the necessary personnel and resources as provided in this section to help the commission perform its tasks in accordance with the provisions of this chapter. If the commission receives monetary contributions or contributions of in-kind resources from private agencies during any state fiscal year, the department shall allocate an amount of money to the commission equal to one-third of the total value of all such contributions and resources provided such allocation does not exceed seventy thousand dollars in any state fiscal year. In addition, the department may continue to provide the in-kind resources to the commission which it is providing on July 1, 1998. Any such contributions, allocations and resources shall be used by the commission to establish an office to develop strategic business relationships between Connecticut and Israeli businesses.
(P.A. 88-209, S. 3, 4; P.A. 93-140, S. 2, 3; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; P.A. 98-203, S. 11, 13.)
History: P.A. 93-140 allowed, instead of required, department to provide personnel and resources to commission, required department to match contributions and stipulated purpose for contributions and matching resources, effective July 1, 1993; P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Economic Development with Commissioner and Department of Economic and Community Development; P.A. 98-203 made the allocation of funds to the commission mandatory and authorized additional in-kind assistance, effective July 1, 1998.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588j - Connecticut Convention Center (Repealed) › Section 32-185 to 32-198. - Connecticut Convention Center Authority Act.

Sections 32-185 to 32-198, inclusive, are repealed, effective June 5, 1998.
(P.A. 89-381, S. 1–15; P.A. 90-230, S. 70, 101; P.A. 92-184, S. 17, 19; May Sp. Sess. P.A. 92-11, S. 55, 56, 70; P.A. 98-179, S. 29, 30.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588k - Lower Fairfield County Convention Center Authority (Repealed) › Section 32-200 to 32-212. - Short title: Lower Fairfield County Convention Center Authority Act. Legislative finding. Definitions. Lower Fairfield County Conference or Exhibition Authority. Purposes and powers of the authority. Adoption of written procedures. Bonds, notes and other obligations. State contract assistance. Exemption from state and local taxes. State pledge to bondholders and contractors. Annual report; audits. Broad construction. Provisions of this chapter controlling over conflicting laws.

Sections 32-200 to 32-212, inclusive, are repealed, effective July 1, 2013.
(P.A. 90-320, S. 1–14; May Sp. Sess. P.A. 04-2, S. 56; P.A. 11-55, S. 17; P.A. 13-139, S. 32; 13-299, S. 95.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588m - Commission on Connecticut's Future › Section 32-245 and 32-246. - Commission on Connecticut's Future; Report on economic renewal of Connecticut. Department of Economic and Community Development to provide personnel and resources.

Sections 32-245 and 32-246 are repealed, effective July 13, 2021.
(P.A. 90-270, S. 27, 38; P.A. 91-226, S. 1, 2, 4; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; P.A. 13-19, S. 1; P.A. 14-79, S. 8; P.A. 21-193, S. 26.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588n - Credit, Jobs, Capital Investment and Tax Incremental Financing Programs › Section 32-260. - Legislative finding.

It is hereby found and declared that there exists a credit crisis in Connecticut, that because of such crisis many economic base firms in the state are losing existing financing and are unable to obtain new financing, that such crisis is resulting in rising unemployment, that there exists a need to retain existing jobs and stimulate the creation of new jobs, that there exists a need to stimulate and support growth in manufacturing and emerging high technology industries, and that there exists a need to revitalize distressed municipalities in the state; and therefore it is necessary and in the public interest and for the public good that the provisions of sections 32-260 to 32-285, inclusive, are hereby declared a matter of legislative determination.
(P.A. 92-236, S. 1, 48.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588n - Credit, Jobs, Capital Investment and Tax Incremental Financing Programs › Section 32-262a. - Guarantees in effect or pending on June 14, 1993, deemed to be funded from the Connecticut Works Guarantee Fund.

Section 31-262a is repealed, effective October 1, 2002.
(P.A. 93-360, S. 11, 19; P.A. 95-334, S. 3, 13; S.A. 02-12, S. 1.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588n - Credit, Jobs, Capital Investment and Tax Incremental Financing Programs › Section 32-263. - Small and medium-sized business line of credit program.

(a) There is established a two-year pilot small and medium-sized business line of credit program under which Connecticut Innovations, Incorporated shall make loans and loan guarantees to small and medium-sized companies which have not more than two hundred employees, are located in the state, have a good credit history, operate profitably and are either (1) unable to obtain conventional financing without assistance under this program, or (2) need assistance under this program to begin or maintain operations. The corporation may establish additional criteria for such loans, including, but not limited to, whether such assistance would enable an applicant to create or retain jobs and whether the applicant exports goods and services out of the state.
(b) The corporation shall develop an accelerated application process for such program. Loans and loan guarantees under the program shall be for short-term working capital for a company's day-to-day operations, administrative and payroll costs, advertising expenses, energy costs and supplies, and other similar types of expenses. No company may receive more than two hundred thousand dollars in loans or loan guarantees under the program. Payments of principal and interest on loans under the program shall be made to the corporation for deposit in the Connecticut Works Fund created by section 32-23ii.
(c) During the first year of the program the corporation shall make loans and loan guarantees and during the second year of the program the corporation shall monitor the loans and process payments from the loans.
(P.A. 92-236, S. 4, 48; June 12 Sp. Sess. P.A. 12-1, S. 152.)
History: Pursuant to June 12 Sp. Sess. P.A. 12-1, “Connecticut Development Authority” and “authority” were changed editorially by the Revisors to “Connecticut Innovations, Incorporated” and “corporation”, respectively, effective July 1, 2012.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588n - Credit, Jobs, Capital Investment and Tax Incremental Financing Programs › Section 32-264. - Bond authorization.

Section 32-264 is repealed, effective July 1, 1993.
(P.A. 92-236, S. 5, 48; P.A. 93-382, S. 67, 69; June Sp. Sess. P.A. 93-1, S. 34, 45.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588n - Credit, Jobs, Capital Investment and Tax Incremental Financing Programs › Section 32-266. - Definitions.

As used in sections 32-266 to 32-284, inclusive:
(1) “Corporation” means Connecticut Innovations, Incorporated; and
(2) “Regional corporation” means a corporation formed by three or more municipal development corporations, a regional economic development corporation or a regional community development corporation.
(P.A. 92-236, S. 7, 48; P.A. 93-217, S. 1, 5; June 12 Sp. Sess. P.A. 12-1, S. 152.)
History: P.A. 93-217 redefined “regional corporation” to include regional community development corporations, effective June 23, 1993; pursuant to June 12 Sp. Sess. P.A. 12-1, “Connecticut Development Authority” was changed editorially by the Revisors to “Connecticut Innovations, Incorporated”, effective July 1, 2012.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588n - Credit, Jobs, Capital Investment and Tax Incremental Financing Programs › Section 32-267. - Grants to regional corporations for regional revolving loan funds or participating agreements with small business lending corporations.

The state, acting through the corporation, shall provide grants to not more than four regional corporations for the purpose of establishing regional revolving loan funds or entering into participating agreements with small business lending corporations licensed by the Small Business Administration. Any such grant to establish a regional revolving loan fund shall be used by the regional corporation to provide financial assistance to eligible projects upon certification to and acceptance by the corporation that such assistance complies with the provisions of sections 32-271 to 32-284, inclusive. The regional corporation may use not more than twenty per cent, not exceeding in the aggregate one hundred thousand dollars, of the amount received as a grant under this section to fund operating expenses of such regional corporation.
(P.A. 92-236, S. 8, 48; June Sp. Sess. P.A. 99-1, S. 29, 51; June 12 Sp. Sess. P.A. 12-1, S. 152.)
History: June Sp. Sess. P.A. 99-1 authorized corporation to use not more than 20%, not exceeding in the aggregate $100,000, of the grant for its operating expenses, effective July 1, 1999; pursuant to June 12 Sp. Sess. P.A. 12-1, “authority” was changed editorially by the Revisors to “corporation”, effective July 1, 2012.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588n - Credit, Jobs, Capital Investment and Tax Incremental Financing Programs › Section 32-268. - Eligibility.

To be eligible for a grant under section 32-267, a regional corporation shall:
(1) Have available to it staff with sufficient expertise to analyze applications for financial assistance, to regularly monitor financial assistance to clients, and have made arrangements to provide management or technical assistance to clients;
(2) Have an effective plan to market its services to small businesses through such entities as chambers of commerce, industry trade associations, banks, local development corporations, community-based organizations and industrial development agencies;
(3) Have established a loan committee composed of five or more persons experienced in commercial lending or in the operation of a for-profit business and a staff person of the regional corporation. Such loan committee shall review every application to the regional corporation for financial assistance pursuant to sections 32-271 to 32-284, inclusive, shall determine the feasibility of the transaction proposed in the application and shall recommend to the board of directors or other governing body of the regional corporation such action as the committee deems appropriate.
(P.A. 92-236, S. 9, 48.)