Title 32, Title 32: Commerce and Economic and Community Development

Secs. 32-9rr and 32-9ss. Connecticut business recruitment task force. Export-trade panel established to assist small and medium-sized businesses expand exports of Connecticut products to international markets. Sections 32-9rr and 32-9ss are repealed. (P.A. 89-245, S. 19; P.A. 91-…

Sec. 32-9s. State grants in lieu of taxes on exempt property of manufacturing facilities in distressed municipalities, targeted investment communities, enterprise zones or airport development zones and exempt property of service facilities. The state shall make an annual grant pa…

Sec. 32-9t. Urban and industrial site reinvestment program. Registration of fund managers. Tax credits. (a) As used in this section: (1) “Commissioner” means the Commissioner of Economic and Community Development. (2) “Eligible industrial site investment project” means a project …

Sec. 32-9tt. Funding for businesses new to exporting. (a) The Commissioner of Economic and Community Development may provide cost sharing or matching grant moneys, with funds available through bond authorization pursuant to section 32-235, to assist and promote economic clusters …

Sec. 32-9u. Use of North American Industrial Classification codes. The Commissioner of Economic and Community Development may issue an eligibility certificate for a program under section 32-9j, 32-9p, 32-9r or 32-9t to a business that has a North American Industrial Classificatio…

Sec. 32-9uu. Program to increase entrepreneurial potential in the inner cities. The Commissioner of Economic and Community Development may establish, within available appropriations, a program to increase the entrepreneurial potential in the inner cities and provide successful ro…

Sec. 32-9v. Redevelopment of properties that provide significant regional or state-wide economic benefits. Pilot programs and development projects. (a) To promote redevelopment of properties that will provide significant regional or state-wide economic benefits in a manner that p…

Sec. 32-9vv. Connecticut Hydrogen-Fuel Cell Coalition. The Department of Economic and Community Development shall establish, in consultation with the Connecticut Center for Advanced Technology, a Connecticut Hydrogen-Fuel Cell Coalition. (P.A. 06-187, S. 63.) History: P.A. 06-187…

Sec. 32-9w. Evaluation of impact of development project on the environment. Procedure. (a) Notwithstanding sections 22a-1 to 22a-1i, inclusive, upon approval by the Governor of a project, in accordance with section 32-9v, such project shall comply with the procedure set forth in …

Sec. 32-9ww. Fuel cell economic development plan. Reports. Section 32-9ww is repealed, effective July 1, 2012. (P.A. 06-187, S. 64; P.A. 11-61, S. 180; 11-80, S. 1.)

Sec. 32-9x. Analysis of benefits and opportunity costs of current use and alternative uses of Hartford Brainard Airport property. Connecticut Airport Authority requirements and prohibition. Report. (a) The state shall, consistent with and supportive of the goals of promoting the …

Sec. 32-9xx. Small Business Advisory Board. Section 32-9xx is repealed, effective July 13, 2021. (P.A. 10-145, S. 2; P.A. 21-193, S. 26.)

Sec. 32-9yy. Connecticut Credit Consortium. Small business assistance account. (a) As used in this section, “qualified business” means a Connecticut business, whether for-profit or not-for-profit, employing less than one hundred employees. (b) The Commissioner of Economic and Com…

Sec. 32-9zz. Manufacturing reinvestment account. (a) For the purposes of this section, (1) “manufacturing reinvestment account” means a trust created or organized by a manufacturer and held by a Connecticut bank for the benefit of such manufacturer, to which the manufacturer may …

Secs. 32-10 and 32-11. Definitions. Connecticut Industrial Building Commission. Sections 32-10 and 32-11 are repealed. (1961, P.A. 542, S. 1, 2; 1963, P.A. 601, S. 1; February, 1965, P.A. 494, S. 1–3; 1971, P.A. 503, S. 1; 1972, P.A. 195, S. 26.)

Sec. 32-11a. Connecticut Innovations, Incorporated. Successor agency to Connecticut Development Authority. (a) There is hereby created as a body politic and corporate, constituting a public instrumentality and political subdivision of the state created for the performance of an e…

Sec. 32-11b. Definitions. As used in sections 32-11c to 32-11e, inclusive, “authority” means the Connecticut Development Authority established pursuant to section 32-11a and “corporation” means Connecticut Innovations, Incorporated, established pursuant to section 32-35. (June 12…

Sec. 32-11c. Transfer of duties, obligations, purposes and procedures. (a) In accordance with the provisions of section 4-38d, which shall be deemed applicable to the transfers provided for herein, all powers and duties of the authority under the provisions of this chapter, and u…

Sec. 32-11d. Agreements to facilitate transfers. Support. (a) From June 15, 2012, to July 1, 2012, the authority and the corporation may enter into any agreements, including agreements with third parties, that are necessary or convenient to facilitate the assignment to and assump…

Sec. 32-11e. Corporation subsidiaries. (a) The corporation may form one or more subsidiaries to carry out the public purposes of the corporation and may transfer to any such subsidiary any moneys and real or personal property of any kind or nature. Any such subsidiary may be orga…

Sec. 32-11f. Connecticut Innovations, Incorporated substituted for Connecticut Development Authority. (a)(1) Wherever the term “Connecticut Development Authority” is used in the following sections of the general statutes, the term “Connecticut Innovations, Incorporated” shall be …

Sec. 32-11g. Connecticut Innovations, Incorporated. Successor to Connecticut Brownfields Redevelopment Authority. Connecticut Innovations, Incorporated shall succeed to all of the powers, rights, interests and obligations of its subsidiary, the Connecticut Brownfields Redevelopme…

Secs. 32-12 and 32-13. Executive secretary. Powers of commission. Sections 32-12 and 32-13 are repealed. (1961, P.A. 542, S. 3, 4; 1963, P.A. 601, S. 2; February, 1965, P.A. 494, S. 4, 5; 1972, P.A. 195, S. 26.)

Sec. 32-14. Mortgage and Loan Insurance Fund. There is created a Mortgage and Loan Insurance Fund. To this fund shall be charged all payments required by loan defaults, all direct expenses and payments for the protection of the state's interest in connection with defaulted or del…

Sec. 32-15. Applications for insurance. All applications for insurance shall be forwarded, together with an application fee, if any, prescribed by the corporation, to the chief executive officer of the corporation. The chief executive officer, after preparing necessary records fo…

Sec. 32-16. Insurance of mortgages and loans on economic development projects and information technology projects. (a)(1) The corporation may (A) upon application of the proposed mortgagee, insure and make advance commitments to insure all or a portion of mortgage payments requir…

Sec. 32-16a. Industrial Pollution Abatement Loan Fund. Section 32-16a is repealed and any funds in the Industrial Pollution Abatement Loan Fund shall be transferred to the corporation and deposited in the Mortgage and Loan Insurance Fund. (1972, P.A. 195, S. 21; 259, S. 1; P.A. 7…

Sec. 32-17. Proceedings on default by mortgagor. Section 32-17 is repealed. (1961, P.A. 542, S. 8; 1963, P.A. 601, S. 7.)

Sec. 32-17a. Procedure on default by mortgagor or borrower. (a) In the case of default by the mortgagor or borrower, the mortgagee or lender shall take reasonable steps to correct any such default. In the case of a default which continues for more than sixty days, the mortgagee o…

Sec. 32-18. Insurance premiums. The corporation shall fix insurance premiums for the insurance of mortgage or loan payments under the provisions of this chapter, such premiums to be computed as a percentage of the principal of the insured indebtedness outstanding at the beginning…

Sec. 32-19. Insured mortgages as legal investments. Loans secured by mortgages insured by the corporation and loans to a proposed mortgagor for the purpose of a proposed economic development project owned by such proposed mortgagor when a proposed mortgagee has been given an adva…

Secs. 32-20 and 32-21. Accounts; use of fund. Commission members not to act on contracts in which they have interest. Sections 32-20 and 32-21 are repealed. (1961, P.A. 542, S. 11, 12; February, 1965, P.A. 494, S. 12; P.A. 74-338, S. 50, 94.)

Sec. 32-22. Bond issue. (a) The State Bond Commission may authorize the issuance of bonds of the state in one or more series in accordance with section 3-20 and in principal amounts necessary to carry out the purposes of section 32-16 but not in excess of the aggregate amount of …

Sec. 32-22a. Written procedures. Contracts. (a) The corporation may establish written procedures in accordance with section 1-121 to clarify and further carry out the purposes of sections 32-14 to 32-22, inclusive. (b) Any insurance contract and any procedure of the corporation i…

Sec. 32-22b. Loan guarantees for brownfield projects. Connecticut Innovations, Incorporated may establish a loan guarantee program to provide guarantees of not more than thirty per cent of the loan to lenders who provide financing to recipients of financial assistance pursuant to…

Sec. 32-23. Industrial Building Operating Expense Fund. Section 32-23 is repealed. (February, 1965, P.A. 494, S. 13; 1972, P.A. 195, S. 26.)

Sec. 32-23a. Allocation of mortgage insurance premiums. All amounts received by the corporation prior to July 1, 1965, as mortgage insurance premiums shall be credited to the Industrial Building Mortgage Insurance Fund and all other funds of the corporation shall be credited to t…

Sec. 32-23aa. Compliance with state laws and regulations prerequisite for financial assistance. Connecticut Innovations, Incorporated shall not approve any application for financial assistance for any project unless such project complies with all state laws and regulations adopte…

Sec. 32-23b. Short title. Section 32-23b is repealed. (1972, P.A. 195, S. 1; P.A. 74-338, S. 52, 94.)

Sec. 32-23bb. Comprehensive Business Assistance Fund consolidated into Connecticut Growth Fund. (a) Effective July 1, 1993, the Comprehensive Business Assistance Fund established under section 32-23x and in effect on June 30, 1993, shall be combined with and become part of the Co…

Sec. 32-23c. Legislative finding. Section 32-23c is repealed, effective July 1, 2012. (1972, P.A. 195, S. 2; P.A. 73-599, S. 8; P.A. 75-513, S. 2, 5; P.A. 76-140, S. 1, 4; P.A. 77-155, S. 1; 77-299, S. 1; 77-614, S. 284, 610; P.A. 79-520, S. 1; P.A. 80-267, S. 6; 80-465, S. 1; P.…

Sec. 32-23cc. Business Environmental Clean-Up Revolving Loan Fund and Environmental Assistance Revolving Loan Fund consolidated into Connecticut Growth Fund. (a) Effective July 1, 2015, (1) the Business Environmental Clean-Up Revolving Loan Fund established under section 32-23z a…

Sec. 32-23d. Definitions. For the purposes of this chapter, the following terms shall have the following meanings unless the context indicates another meaning and intent: (a) “Department” means the Department of Economic and Community Development or its successor agency. (b) “Sta…

Sec. 32-23e. Powers of the corporation. To accomplish the purposes of the corporation, which are hereby determined to be public purposes for which public funds may be expended, and in addition to any other powers provided by law, the corporation shall have power to: (1) Determine…

Sec. 32-23f. Bonds and notes. (a) Subject to the approval of the Treasurer of the state or the Treasurer's deputy appointed pursuant to section 3-12, and other applicable limitations of the general statutes, the corporation may borrow money and issue its bonds and notes from time…

Sec. 32-23g. Disposition of authority funds. Section 32-23g is repealed, effective July 1, 2012. (1972, P.A. 195, S. 6; P.A. 73-599, S. 12; P.A. 78-303, S. 113, 136; P.A. 82-434, S. 4, 6; P.A. 84-512, S. 24, 30; P.A. 91-161, S. 5, 9; P.A. 01-179, S. 13; June 12 Sp. Sess. P.A. 12-…