Sec. 32-39o. Forgiveness of received state assistance for participation in mentorship network. The Commissioner of Economic and Community Development may forgive a portion of any state assistance received by a technology-based business and owed to the state if such business participates in a mentorship network established by the department. The commissioner shall develop a formula to calculate such state assistance forgiveness based on the hours of mentorship provided by any such business.
(May Sp. Sess. P.A. 16-3, S. 15; P.A. 24-149, S. 11.)
History: May Sp. Sess. P.A. 16-3 effective June 2, 2016; P.A. 24-149 replaced “CTNext” with “the department”, effective July 1, 2024.