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Connecticut Statutes, Title 32

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Connecticut/Statutes

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

47 chapters · 559 sections in this title.

All chapters in Title 32559 Ch 578, Chapter 578: Department of Economic …118 Ch 581, Chapter 581: Innovation Capital Act …74 Ch 579, Chapter 579: Connecticut Innovations…68 Ch 588n, Chapter 588n: Credit, Jobs, Capital …33 Ch 588l, Chapter 588l: Economic Development a…28 Ch 588z, Chapter 588z: Adriaen's Landing and …25 Ch 588x, Chapter 588x: Capital Region Develop…24 Ch 585, Chapter 585: Enterprise Zones, Enter…22 Ch 588u, Chapter 588u: Financial Assistance: …20 Ch 588r, Chapter 588r: Small Business18 Ch 588gg, Chapter 588gg: Brownfield Remediatio…17 Ch 588v, Chapter 588v: International Trade13 Ch 588w, Chapter 588w: Insurance and Financia…11 Ch 584, Chapter 584: Industrial Revenue Bond…10

559 sections·Filtered byTitle 32✕

Conn. Gen. Stat. § 32-41v Connecticut New Opportunities Fund.
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Sec. 32-41v. Connecticut New Opportunities Fund. (a) As used in this section: (1) “Corporation” means Connecticut Innovations, Incorporated; and (2) “Fund” means the Connecticut New Opportunities Fund. (b) Connecticut Innovations, Incorporated shall establish a fund to be known a…
Conn. Gen. Stat. § 32-41w Early-stage venture capital program.
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Sec. 32-41w. Early-stage venture capital program. (a) There is established an early-stage venture capital program to be administered by Connecticut Innovations, Incorporated, to provide preseed financing, seed financing, start-up financing, early or first-stage financing and expa…
Conn. Gen. Stat. § 32-41x Preseed financing account and program.
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Sec. 32-41x. Preseed financing account and program. (a) There is established an account to be known as the “preseed financing account” which shall be a separate, nonlapsing account within the General Fund. The account shall contain any moneys required by law to be deposited in th…
Conn. Gen. Stat. § 32-41y Connecticut Bioscience Collaboration program. Connecticut Bioscience Collaboration Fund.
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Sec. 32-41y. Connecticut Bioscience Collaboration program. Connecticut Bioscience Collaboration Fund. (a) For purposes of this section: (1) “Corporation” means Connecticut Innovations, Incorporated; (2) “Board” means the board of directors of Connecticut Innovations, Incorporated…

Conn. Gen. Stat. § 32-41z Bond issue for the Connecticut Bioscience Collaboration program.

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Sec. 32-41z. Bond issue for the Connecticut Bioscience Collaboration program. (a) The State Bond Commission shall authorize the issuance of bonds of the state, in accordance with the provisions of section 3-20, in principal amounts not exceeding in the aggregate two hundred ninet…

Conn. Gen. Stat. § 32-42 Examination. Audits.

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Sec. 32-42. Examination. Audits. The corporation shall be subject to examination by the State Treasurer. The accounts of the corporation shall be subject to biennial audits by the State Auditors of Public Accounts. (1972, P.A. 248, S. 11; P.A. 93-382, S. 8, 69; P.A. 21-145, S. 11…

Conn. Gen. Stat. § 32-43 State pledge.

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Sec. 32-43. State pledge. The state of Connecticut does hereby pledge to and agree with any person with whom the corporation may enter into contracts pursuant to the provisions of this chapter that the state will not limit or alter the rights hereby vested in the corporation unti…

Conn. Gen. Stat. § 32-44 Powers to be interpreted broadly.

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Sec. 32-44. Powers to be interpreted broadly. The powers enumerated in this chapter shall be interpreted broadly to effectuate the purposes thereof and shall not be construed as a limitation of powers. (1972, P.A. 248, S. 13.)

Conn. Gen. Stat. § 32-45 Inconsistent provisions of law.

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Sec. 32-45. Inconsistent provisions of law. To the extent that the provisions of this chapter are inconsistent with the provisions of any general statute or special act or parts thereof, the provisions of this chapter shall be deemed controlling. (1972, P.A. 248, S. 14.)

Conn. Gen. Stat. § 32-46 Tax exemption.

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Sec. 32-46. Tax exemption. (a) The corporation shall have the tax exemptions provided under section 32-23h. (b) Sales of and the storage, use or other consumption of any tangible personal property or services acquired for incorporation into or used and consumed in connection with…

Conn. Gen. Stat. § 32-47 Personal liability of directors or persons acting on behalf of the corporation.

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Sec. 32-47. Personal liability of directors or persons acting on behalf of the corporation. (a) Neither the directors of Connecticut Innovations, Incorporated nor any person acting on behalf of said corporation executing any notes, bonds, contracts, agreements or other obligation…

Conn. Gen. Stat. § 32-47a Business plan. Report.

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Sec. 32-47a. Business plan. Report. Not later than January first in each year, Connecticut Innovations, Incorporated shall submit a business plan containing a summary of its projected operations for the year to the joint standing committees of the General Assembly having cognizan…

Conn. Gen. Stat. §§ 32-48 to 32-55 Surety bond guarantee program for small contractors.

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Secs. 32-48 to 32-55. Surety bond guarantee program for small contractors. Sections 32-48 to 32-55, inclusive, are repealed. (P.A. 79-611, S. 1–8; P.A. 80-483, S. 100–102, 186; P.A. 82-44, S. 2, 3; 82-358, S. 6, 10; P.A. 83-459, S. 1–4; P.A. 86-107, S. 10, 19; P.A. 88-265, S. 35,…

Conn. Gen. Stat. §§ 32-55a to 32-55i Definitions. Guarantee of surety; eligibility. Limits of guarantee. Subordination of working capital loans. Commissioner authorized to enter into agreements with insured parties and financial institutions re guarantee fund. Fees. Small Contractors' Surety Bond Guarantee Fund. Bond authorization. Regulations.

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Secs. 32-55a to 32-55i. Definitions. Guarantee of surety; eligibility. Limits of guarantee. Subordination of working capital loans. Commissioner authorized to enter into agreements with insured parties and financial institutions re guarantee fund. Fees. Small Contractors' Surety …

Conn. Gen. Stat. § 32-56 (Formerly Sec. 32-9a). Defense conversion. Determination by commissioner of severe impact of defense contract cutback or major aerospace or defense plant closure on a municipality.

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Sec. 32-56. (Formerly Sec. 32-9a). Defense conversion. Determination by commissioner of severe impact of defense contract cutback or major aerospace or defense plant closure on a municipality. (a) In view of the contemplated reduction in defense expenditures by the federal govern…

Conn. Gen. Stat. § 32-57 Determination by commissioner of severe impact of defense contract cutbacks on a business.

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Sec. 32-57. Determination by commissioner of severe impact of defense contract cutbacks on a business. The Commissioner of Economic and Community Development may determine that the employment opportunities offered by a business in the state have been severely impacted by a prime …

Conn. Gen. Stat. § 32-58 Department to advise local governments.

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Sec. 32-58. Department to advise local governments. The Department of Economic and Community Development shall advise and cooperate with any municipal or regional agency, commission or authority responsible for economic planning in order to formulate and implement plans to reduce…

Conn. Gen. Stat. § 32-58a Reimbursement to state residents for travel to meeting of federal base relocation closure commission.

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Sec. 32-58a. Reimbursement to state residents for travel to meeting of federal base relocation closure commission. The Secretary of the Office of Policy and Management may, within available appropriations, reimburse state residents who are official state advocates before any fede…

Conn. Gen. Stat. § 32-58b Office of Military Affairs established. Appointment and duties of executive director.

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Sec. 32-58b. Office of Military Affairs established. Appointment and duties of executive director. (a) There is established an Office of Military Affairs within the Department of Economic and Community Development for administrative purposes only. The Office of Military Affairs s…

Conn. Gen. Stat. § 32-59 Defense readjustment task force.

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Sec. 32-59. Defense readjustment task force. There is established within the Department of Economic and Community Development a defense readjustment task force which shall consist of the Commissioner of Economic and Community Development and the Labor Commissioner and the Secreta…

Conn. Gen. Stat. § 32-59a Task force on manufacturing in Connecticut.

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Sec. 32-59a. Task force on manufacturing in Connecticut. Section 32-59a is repealed. (P.A. 87-536, S. 1, 7; P.A. 95-38, S. 8.)

Conn. Gen. Stat. § 32-60 Legislative finding.

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Sec. 32-60. Legislative finding. It is hereby found and declared that a continuing need exists to maintain and develop the state's economy; that there are significant barriers inhibiting access by the authority and eligible financial institutions to the public capital markets and…

Conn. Gen. Stat. § 32-61 Definitions.

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Sec. 32-61. Definitions. As used in this chapter, “corporation” means Connecticut Innovations, Incorporated created under subsection (a) of section 32-35; “chief executive officer” means the chief executive officer of Connecticut Innovations, Incorporated appointed pursuant to se…

Conn. Gen. Stat. § 32-62 Revenue Bond Mortgage Insurance Fund.

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Sec. 32-62. Revenue Bond Mortgage Insurance Fund. There is created a Revenue Bond Mortgage Insurance Fund. The insurance fund shall be held by the corporation, a trustee or other fiduciary or custodian designated by the corporation. There shall be deposited in the insurance fund …

Conn. Gen. Stat. § 32-63 Insurance of payments. Applications.

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Sec. 32-63. Insurance of payments. Applications. The corporation may insure and make advance commitments to insure all or any portion of the payment required by a loan or any portion of a loan upon such terms and conditions as the corporation may prescribe in accordance with this…

Conn. Gen. Stat. § 32-64 Eligibility.

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Sec. 32-64. Eligibility. Any loan insured by the corporation under this chapter shall (1) be made for a project; (2) be made to a borrower approved by the corporation as responsible and creditworthy; (3) in the case of real property, be secured by a mortgage on the property, be m…

Conn. Gen. Stat. § 32-65 Eligible financial institutions.

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Sec. 32-65. Eligible financial institutions. The corporation is authorized from time to time to enter into guarantee agreements, letters of credit, insurance contracts, participations, collateral sharing agreements, servicing agreements, and any other agreements or contracts with…

Conn. Gen. Stat. § 32-66 Lenders' committee.

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Sec. 32-66. Lenders' committee. Section 32-66 is repealed. (P.A. 81-388, S. 7, 12; P.A. 88-265, S. 35, 36.)

Conn. Gen. Stat. § 32-67 Claims. Premiums.

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Sec. 32-67. Claims. Premiums. Any contract of insurance made by the corporation under the authorization of this chapter shall provide that claims payable under such contract shall first be paid from any amounts readily available in the insurance fund before any amounts available …

Conn. Gen. Stat. § 32-68 Bond issue.

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Sec. 32-68. Bond issue. Section 32-68 is repealed. (P.A. 81-388, S. 9, 12; P.A. 88-265, S. 21, 36; P.A. 89-331, S. 29, 30.)

Conn. Gen. Stat. § 32-68a Pledge to insurance contract holders. Powers of Connecticut Innovations, Incorporated.

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Sec. 32-68a. Pledge to insurance contract holders. Powers of Connecticut Innovations, Incorporated. The state hereby pledges to and agrees with the holders of any insurance contracts issued under this chapter and with persons who may enter into other contracts or agreements with …

Conn. Gen. Stat. § 32-70 Enterprise zones. Designation. Expansion.

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Sec. 32-70. Enterprise zones. Designation. Expansion. (a) Any municipality that was a distressed municipality under the provisions of subsection (b) of section 32-9p on February 1, 1986, may, with the approval of the Commissioner of Economic and Community Development, designate a…

Conn. Gen. Stat. § 32-70a Goals and performance standards for enterprise zones. Municipal reports to commissioner. Assessment of each enterprise zone.

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Sec. 32-70a. Goals and performance standards for enterprise zones. Municipal reports to commissioner. Assessment of each enterprise zone. (a) On or before October 1, 2006, the Commissioner of Economic and Community Development shall establish goals for enterprise zones designated…

Conn. Gen. Stat. § 32-70b Municipal enterprise zone revitalization plan.

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Sec. 32-70b. Municipal enterprise zone revitalization plan. On or before January 1, 1994, the legislative body of each municipality with an enterprise zone designated under section 32-70 shall authorize an existing board, commission or officer or may create a new board, commissio…

Conn. Gen. Stat. § 32-70c Municipal enterprise zone advisory committees.

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Sec. 32-70c. Municipal enterprise zone advisory committees. The legislative body of each municipality with an enterprise zone designated under section 32-70 shall establish an enterprise zone advisory committee to assist in the planning and implementation of enterprise zone activ…

Conn. Gen. Stat. § 32-70d Community enterprise zone boards.

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Sec. 32-70d. Community enterprise zone boards. Within thirty days after the Commissioner of Economic and Community Development approves the designation of an area as an enterprise zone in a municipality under subdivision (2) of subsection (c) of section 32-70, the municipality sh…

Conn. Gen. Stat. § 32-70e Financial assistance for neighborhood development in enterprise zones.

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Sec. 32-70e. Financial assistance for neighborhood development in enterprise zones. (a) The Commissioner of Economic and Community Development shall establish a program of financial assistance for job development and creation, neighborhood revitalization and the promotion of busi…

Conn. Gen. Stat. § 32-70f Neighborhood economic development account.

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Sec. 32-70f. Neighborhood economic development account. (a) There is established an account to be known as the “neighborhood economic development account”. The account shall contain any moneys required by law to be deposited in the account. Any balance remaining in such account a…

Conn. Gen. Stat. § 32-70g Knowledge center enterprise zones. Proposals. Regulations. Performance assessment.

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Sec. 32-70g. Knowledge center enterprise zones. Proposals. Regulations. Performance assessment. (a) Notwithstanding the provisions of section 32-70, the Commissioner of Economic and Community Development may establish a knowledge center enterprise zone surrounding any institution…

Conn. Gen. Stat. § 32-71 Fixing of assessments in enterprise zones.

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Sec. 32-71. Fixing of assessments in enterprise zones. (a) Any municipality which has designated any area as an enterprise zone pursuant to section 32-70 shall provide, by ordinance, for the fixing of assessments on all real property in such zone which is improved during the peri…

Conn. Gen. Stat. § 32-71a Treatment of certain electric generating facilities.

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Sec. 32-71a. Treatment of certain electric generating facilities. (a) Any electric generating facility, the construction of which is completed after July 1, 1998, may be treated for the purposes of section 32-71 as if it were located in an enterprise zone and used for commercial …

Conn. Gen. Stat. § 32-71b Treatment of certain electric generating facilities completed after July 1, 2002.

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Sec. 32-71b. Treatment of certain electric generating facilities completed after July 1, 2002. Any new electric generating facility, the construction of which is completed after July 1, 2002, may be treated for purposes of section 32-71 as if it were located in an enterprise zone…

Conn. Gen. Stat. §§ 32-72 to 32-74 Small business and venture capital loans in enterprise zones. Enterprise Zone Capital Formation Revolving Loan Fund. Bond issues.

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Secs. 32-72 to 32-74. Small business and venture capital loans in enterprise zones. Enterprise Zone Capital Formation Revolving Loan Fund. Bond issues. Sections 32-72 to 32-74, inclusive, are repealed. (P.A. 81-445, S. 7–9, 11; P.A. 82-435, S. 5, 8; June Sp. Sess. P.A. 83-33, S. …

Conn. Gen. Stat. § 32-75 Certain business facilities not eligible.

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Sec. 32-75. Certain business facilities not eligible. No business facility shall be eligible to receive the benefits provided for a facility located in an enterprise zone if: (1) Such facility has relocated from an area that meets the eligibility criteria stated in section 32-70 …

Conn. Gen. Stat. § 32-75a Railroad depot zones. Regulations.

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Sec. 32-75a. Railroad depot zones. Regulations. A municipality which has an enterprise zone designated under section 32-70 and an abandoned or underutilized railroad depot which is located outside of the enterprise zone may, with the approval of the Commissioner of Economic and C…

Conn. Gen. Stat. § 32-75c Designation of properties as manufacturing plants. Qualified manufacturing plants. Regulations.

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Sec. 32-75c. Designation of properties as manufacturing plants. Qualified manufacturing plants. Regulations. (a) Any municipality with a population less than twenty thousand that is contiguous to a targeted investment community may request the Commissioner of Economic and Communi…

Conn. Gen. Stat. § 32-75d Airport development zones.

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Sec. 32-75d. Airport development zones. (a) There is established an airport development zone, which is comprised of the following census blocks as assigned on October 1, 2011, in the towns of Windsor Locks, Suffield, East Granby and Windsor: 090034701001022, 090034701003000, 0900…

Conn. Gen. Stat. § 32-76 Designation and approval of entertainment district in municipality in which an enterprise zone is located. Regulations. Enterprise zone benefits for certain entertainment facilities located in municipalities with entertainment districts.

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Sec. 32-76. Designation and approval of entertainment district in municipality in which an enterprise zone is located. Regulations. Enterprise zone benefits for certain entertainment facilities located in municipalities with entertainment districts. (a) On and after January 1, 19…

Conn. Gen. Stat. § 32-76a Abatement of property taxes for improvements to real property in entertainment districts.

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Sec. 32-76a. Abatement of property taxes for improvements to real property in entertainment districts. Each municipality may abate one hundred per cent of the property taxes for improvements to real property in entertainment districts designated under section 32-76 or established…

Conn. Gen. Stat. § 32-80 Enterprise corridor zones.

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Sec. 32-80. Enterprise corridor zones. (a) As used in this section: (1) “Commissioner” means the Commissioner of Economic and Community Development. (2) “Public investment communities” has the same meaning as provided in section 7-545. (3) “Distressed municipality” has the same m…