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

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 Section 32-23 is repealed.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 Section 32-23b is repealed.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 Section 32-23c is repealed, effective July 1, 2012.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…

Secs. 32-23dd to 32-23ff. Reserved for future use.

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-…

Sec. 32-23gg. Legislative determination. It is hereby found and declared that there exists in this state a great and growing need for additional forms of state financial assistance for Connecticut's manufacturing and other economic base firms to preserve and promote development a…

Sec. 32-23h. Exemption from state and local taxes and assessments. Payments in lieu of taxes. Approvals of pollution control facilities. The exercise of the powers granted to the corporation shall constitute the performance of an essential governmental function and the corporatio…

Sec. 32-23hh. Definitions. As used in sections 32-23gg to 32-23ll, inclusive: (1) “Corporation” means Connecticut Innovations, Incorporated, created under section 32-35; (2) “Chief executive officer” means the chief executive officer of Connecticut Innovations, Incorporated; (3) …

Sec. 32-23i. Bonds as legal investments. Bonds issued by the corporation under the provisions of section 32-23f are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, credit unions, building …

Sec. 32-23ii. Connecticut Works Fund. Subfunds. (a) There is created within the corporation the Connecticut Works Fund. The state acting through the corporation may provide financial assistance for economic development projects directly or in participation with any other financia…

Sec. 32-23j. Payment of bonds to be obligation of corporation. Capital reserve funds. Annual appropriation. (a) Bonds or notes of the corporation issued under the provisions of section 32-23f shall not be deemed to constitute a debt or liability of the state or of any municipalit…

Sec. 32-23jj. Considerations in reviewing application. In reviewing applications for financial assistance under sections 32-23gg to 32-23ll, inclusive, the corporation shall consider the following factors: (1) The status of the project as an economic development project; (2) the …

Sec. 32-23k. State pledge to bond holders and contractors. The state of Connecticut does hereby pledge to and agree with the holders of any bonds and notes issued under the provisions of section 32-23f, and with those parties who may enter into contracts with Connecticut Innovati…

Sec. 32-23kk. Contract of insurance. Any contract of insurance made by the corporation under sections 32-23gg to 32-23ll, inclusive, shall provide that claims payable under such contract shall first be paid from any amounts readily available in the Connecticut Works Fund, establi…

Sec. 32-23l. Industrial and commercial development. Powers of Connecticut Innovations, Incorporated. Sections 32-23d to 32-23k, inclusive, shall be deemed to provide a complete method for the doing of the things authorized thereby and shall be regarded as not in conflict with, or…

Sec. 32-23ll. Bond issue. (a) For the purposes described herein the State Bond Commission shall have the power, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate ninety-five million doll…

Sec. 32-23m. Liberal construction. This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed, so as to effect its purposes. (1972, P.A. 195, S. 27.)

Secs. 32-23mm to 32-23oo. Reserved for future use.

Sec. 32-23n. Economic assistance grants for the industrial projects in areas of high unemployment. Section 32-23n is repealed. (P.A. 77-370, S. 3, 13; P.A. 78-357, S. 3, 16; P.A. 86-107, S. 8, 19; P.A. 88-265, S. 12, 36; P.A. 94-95, S. 25.)

Sec. 32-23o. Small Contractors' Revolving Loan Fund. Loans authorized by the corporation. Transfer of certain funds to the Connecticut Growth Fund. (a) A Small Contractors' Revolving Loan Fund is created. In order to stimulate and encourage the growth and development of the state…

Sec. 32-23p. Loans by the corporation in areas of high unemployment. The corporation may determine to make long term loans approved on or after July 1, 1978, for any economic development project located in an area of high unemployment financed with the proceeds of bonds at an int…

Sec. 32-23pp. Policy to encourage pollution prevention and remediation. It shall be the policy of the state to encourage the practice of pollution prevention and remediation activities, thereby reducing risks to the environment and the health of workers and consumers. As used in …

Sec. 32-23q. Exemption from maximum interest and charges on loans. The provisions of sections 37-4 and 37-6 shall not apply to any bond, note or other obligation issued by Connecticut Innovations, Incorporated, or any loan, lease, sale agreement, note or other obligation evidenci…

Sec. 32-23qq. Environmental Assistance Revolving Loan Fund. Subfunds. (a) An Environmental Assistance Revolving Loan Fund is created. The state, acting through Connecticut Innovations, Incorporated, or any subsidiary of the corporation may provide grants, loans, lines of credit o…

Sec. 32-23r. Preference in employment by borrowers and mortgagees. Connecticut Innovations, Incorporated shall require in all instances that a borrower or mortgagee shall enter into an agreement with the corporation to give preference in employment to persons as set forth herein:…

Sec. 32-23rr. Definitions. As used in sections 32-23pp and 32-23qq and this section: (1) “Pollution prevention activities” means changes within a plant in production processes, product or raw materials that reduce, avoid or eliminate the generation of hazardous by-products per un…

Sec. 32-23s. Interpretation of certain amendments. The amendments to sections 32-11a, 32-16, 32-23c, 32-23d, 32-23e, 32-23f and 32-23j effective on June 29, 1981, are intended and shall be construed as a clarification and expansion of the powers of Connecticut Innovations, Incorp…

Sec. 32-23ss. Bond issue. (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggreg…

Sec. 32-23t. Legislative finding. It is hereby found and declared as a matter of legislative determination that there is a continuing need for stimulation and encouragement of the growth and development of the state economy through the provision of two comprehensive loan programs…

Sec. 32-23tt. Definitions. As used in section 32-23ll, this section, and sections 32-23uu, 32-23vv and 32-235: (1) “Corporation” means Connecticut Innovations, Incorporated established under the provisions of this chapter; (2) “Educational upgrades” means (A) programs designed to…

Sec. 32-23u. Consolidation of financial assistance programs. Effective July 1, 1988, the Small Contractors and Manufacturers Revolving Loan Fund established under section 32-82, revision of 1958, revised to 1987 and in effect on June 30, 1988, the Employee Ownership Trust Fund es…

Sec. 32-23uu. Connecticut job training finance program. There is established within the corporation a Connecticut job training finance program for the purpose of providing financial assistance to manufacturing or economic base businesses seeking to provide educational upgrades to…

Sec. 32-23v. Connecticut Growth Fund. (a) As used in this section: (1) “Affiliate” means a business concern which directly controls or is controlled by another business concern, or a third party which controls both business concerns; (2) “Appraised value” means the cost or fair m…

Sec. 32-23vv. Connecticut job training finance demonstration program. Not later than thirty days from July 1, 1993, the corporation may enter into a demonstration program with a manufacturing or economic base business employing more than seven thousand five hundred production wor…

Sec. 32-23w. Consolidation of financial assistance programs. Effective July 1, 1988, the Business Emergency Relief Revolving Loan Fund established under subsection (d) of section 16a-43, revision of 1958, revised to 1987 and in effect on June 30, 1988, the Enterprise Zone Capital…

Sec. 32-23ww. Displaced Defense Workers' Bill of Rights. (a) This section shall be known and may be cited as the “Displaced Defense Workers' Bill of Rights”. (b) As used in this section: (1) “Defense contractor” means a Connecticut business which derived, as of the last income ye…

Sec. 32-23x. Comprehensive Business Assistance Fund. (a) As used in this section: (1) “Affiliate” means a business concern which directly controls or is controlled by another business concern, or a third party which controls both business concerns; (2) “Corporation” means Connect…

Sec. 32-23xx. Electronic Superhighway Act of 1994. (a) This section shall be known and may be cited as the “Electronic Superhighway Act of 1994”. (b) As used in this section, “information technology assistance” means the supplying of goods and services in the fields of computer h…

Sec. 32-23y. Pending applications for financial assistance under consolidated programs funded from Connecticut Growth Fund or Comprehensive Business Assistance Fund. All applications for loans, grants, guarantees or extension of lines of credit under section 8-168, subsection (d)…

Sec. 32-23yy. High-Technology Infrastructure Fund. (a) As used in this section, the following terms shall have the following meanings unless the context indicates another meaning and intent: (1) “Corporation” means Connecticut Innovations, Incorporated, created under section 32-3…

Sec. 32-23z. Business Environmental Clean-Up Revolving Loan Fund. Regulations. (a) A Business Environmental Clean-Up Revolving Loan Fund is created. The state, acting through Connecticut Innovations, Incorporated, may provide loans or lines of credit from the Business Environment…

Sec. 32-23zz. Issuance of bonds on behalf of municipalities for information technology projects and remediation projects. (a) For the purpose of assisting (1) any information technology project, as defined in subsection (dd) of section 32-23d, which is located in an eligible muni…

Secs. 32-24 to 32-31. Connecticut Research Commission. Sections 32-24 to 32-31, inclusive, are repealed. (February, 1965, P.A. 459, S. 1–8; 1967, P.A. 251, S. 1, 2; P.A. 73-599, S. 39.)