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

Sec. 32-262. Bond authorization. (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 th…

Sec. 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 Section 31-262a is repealed, effective October 1, 2002.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.)

Sec. 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 c…

Sec. 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 Section 32-264 is repealed, effective July 1, 1993.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.)

Sec. 32-265. Connecticut Capital Access Fund. Written procedures. Bond authorization for Capital Access Fund and small business assistance program. (a) As used in this section: (1) “Corporation” means Connecticut Innovations, Incorporated, and (2) “financial institution” means an…

Sec. 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…

Sec. 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 esta…

Sec. 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 …

Sec. 32-269. Applications. (a) Applications to the corporation for a grant under section 32-267 shall: (1) Describe the applicant corporation, including its organization, membership, loan committee, staff and sources of other funds, if any; (2) Identify the geographic region to b…

Sec. 32-270. Selection of regional corporations. The corporation shall select, from among eligible applicants, regional corporations on the basis of: (1) The ability of the regional corporation to administer a regional revolving loan fund authorized under sections 32-271 to 32-28…

Sec. 32-271. Grants to be used for job creation or retention. A regional corporation awarded a grant by the corporation under section 32-267 shall use such grant to provide financial assistance to businesses for projects that demonstrate a substantial likelihood of providing incr…

Sec. 32-272. Decisions by regional corporations to approve or reject applications for financial assistance. The decision to approve or reject an application for financial assistance pursuant to the provisions of sections 32-271 to 32-284, inclusive, shall be made in accordance wi…

Sec. 32-273. Conflict of interest prohibited. No employee or officer of any regional corporation shall be a party to or have any financial interest in any project that receives financial assistance pursuant to sections 32-271 to 32-284, inclusive. No officer shall, in such office…

Sec. 32-274. Priorities for financial assistance provided by regional corporations. A regional corporation, in approving applications for financial assistance, shall give priority to projects: (1) That will provide increases in net new permanent jobs; (2) Of minority or women-own…

Sec. 32-275. Working capital loan guarantees. The funds allocated to each regional corporation under sections 32-271 to 32-284, inclusive, may be used to guarantee the repayment of a working capital loan provided by a banking organization to finance an eligible project. In no eve…

Sec. 32-276. Loans. Funds allocated to each regional corporation pursuant to sections 32-271 to 32-284, inclusive, may be used to provide loans for eligible projects. The interest rate on such loans shall be determined by the regional corporation, but in no event shall the intere…

Sec. 32-277. Conditions for financial assistance. A regional corporation shall not provide any financial assistance authorized by sections 32-271 to 32-284, inclusive, unless the following conditions are met: (1) The applicant has demonstrated that there is little prospect of obt…

Sec. 32-278. Restrictions. Financial assistance from a regional revolving loan fund shall not be made available for: (1) Projects that would result in the relocation of any business operation from one municipality within the state to another, except when the regional corporation …

Sec. 32-279. Fees. A regional corporation may charge application, commitment and loan guarantee fees pursuant to a schedule of fees adopted by such regional corporation. (P.A. 92-236, S. 20, 48.)

Sec. 32-280. Written procedures. The corporation shall adopt written procedures in accordance with the provisions of section 1-121 setting forth the process to be followed by, and the responsibilities and obligations of regional corporations and the corporation under sections 32-…

Sec. 32-281. Positions opened as a result of assistance. For any positions opened as a result of assistance provided in sections 32-271 to 32-284, inclusive, businesses so assisted shall first consider persons referred by the Labor Department. (P.A. 92-236, S. 22, 48.) History: (…

Sec. 32-282. Audits of regional corporations receiving grants. Each regional corporation receiving a grant under section 32-267 shall annually have a full audit conducted of the books and accounts of the regional corporation for the preceding fiscal year to ensure conformity of a…

Sec. 32-283. Reports by regional corporations. Section 32-283 is repealed, effective October 1, 2002. (P.A. 92-236, S. 24, 48; P.A. 93-382, S. 15, 69; S.A. 02-12, S. 1.)

Sec. 32-284. Bond authorization. (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 th…

Sec. 32-285. Tax incremental financing program. Application and approval procedure. Bond authorization. Reports. Independent financial analyses. (a)(1) There is hereby established a tax incremental financing program, under which the incremental hotel taxes collected under subpara…

Sec. 32-285a. Community Investment Fund 2030 Board. Bond authorization. Report. (a) As used in this section: (1) “Administrative costs” means the costs paid or incurred by the administrator of the Community Investment Fund 2030 Board established under subsection (b) of this secti…

Sec. 32-286. Qualified data centers. Tax exemptions. Negotiated host municipality fee agreement. (a) As used in this section: (1) “Colocation tenant” means a person that contracts with the owner or operator of a qualified data center to use or occupy all or part of a qualified da…

Sec. 32-290. Financial assistance for entrepreneurial development of low-income persons. Section 32-290 is repealed, effective July 1, 2011. (P.A. 92-236, S. 40, 48; P.A. 93-262, S. 1, 87; 93-382, S. 16, 69; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; June 18 Sp. Sess. P.A. 97-2,…

Sec. 32-290a. Entrepreneurial training program. (a) The Commissioner of Economic and Community Development, in consultation with the Commissioner of Social Services and the Labor Commissioner, may establish, within available appropriations, an entrepreneurial training program for…

Sec. 32-291. Bond authorization. Section 32-291 is repealed, effective July 1, 2011. (P.A. 92-236, S. 46, 48; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; P.A. 11-131, S. 5.)

Sec. 32-299. Broad interpretation of powers. The powers enumerated in this chapter shall be interpreted broadly to effectuate the purposes of this chapter and shall not be construed as a limitation of powers. (P.A. 93-360, S. 12, 19.) History: P.A. 93-360 effective June 14, 1993.…

Secs. 32-300 to 32-305. Office of Tourism. Connecticut Tourism Council. Tourism districts; boards of directors; budgets; coordination of activities. Tourism account. Payments received from sale of tourism advertising or products by commissioner to be deposited in tourism account.…

Secs. 32-306 and 32-307. Transferred to Chapter 184b, Sec. 10-399(a) and (b), respectively.

Secs. 32-315 to 32-318. Definitions. Energy conservation revolving loan account. Energy conservation loan program. Bond authorization. Sections 32-315 to 32-318, inclusive, are repealed, effective October 1, 2007. (P.A. 92-208, S. 2–6; May Sp. Sess. P.A. 92-7, S. 32–34, 36; P.A. …

Sec. 32-324. Definitions. For the purposes of this section and sections 32-324a to 32-324f, inclusive: (1) “Biodiesel” means a fuel comprised of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats, designated B100, and meeting the requirements o…

Sec. 32-324a. Connecticut qualified biodiesel producer incentive account. Agreement. (a) There is established an account to be known as the “Connecticut qualified biodiesel producer incentive account”, which shall be a separate, nonlapsing account within the General Fund. The acc…

Sec. 32-324b. Grants to qualified biodiesel producers. Grant amounts. (a) A qualified biodiesel producer shall be eligible for not more than sixty monthly grants from the Connecticut qualified biodiesel producer incentive account, established pursuant to section 32-324a. The Depa…

Sec. 32-324c. Application for grant. To receive a grant pursuant to section 32-324b, a qualified biodiesel producer shall file an application for such funds not later than fifteen days after the last day of the month for which the grant is sought. The application shall include, b…

Sec. 32-324d. One-time grant for biodiesel producers not yet actively engaged in production of biodiesel. Amount. Awarding of grant. A qualified biodiesel producer that is not yet actively engaged in the production of biodiesel shall be eligible for a one-time grant pursuant to s…

Sec. 32-324e. Grants to qualified biodiesel distributors: Permitted purposes. Amounts. A qualified biodiesel distributor shall not be eligible for a grant pursuant to section 32-324a for purposes other than to assist with purchasing equipment or constructing, modifying or retrofi…

Sec. 32-324f. Guidelines for grant program. The Department of Economic and Community Development, in consultation with the person, firm, corporation or entity selected to implement the grant pursuant to subsection (b) of section 32-324a, if applicable, shall create guidelines nec…

Sec. 32-324g. Fuel diversification grant program. Agreement. Guidelines. The Department of Economic and Community Development shall administer a fuel diversification grant program to provide funding to Connecticut institutions of higher education or Connecticut institutions of ag…

Sec. 32-324h. Institute for Sustainable Energy to educate consumers re biodiesel. Connecticut biodiesel link program. Posting of information on Internet. (a) The Institute for Sustainable Energy shall (1) compile and distribute educational materials regarding biodiesel to municip…

Sec. 32-325. Short title: Regional Economic Development Act. Sections 32-325 to 32-330, inclusive, shall be known and may be cited as the “Regional Economic Development Act”. (P.A. 93-382, S. 23, 69.) History: P.A. 93-382 effective July 1, 1993.

Sec. 32-326. Legislative finding. It is hereby found and declared that there exists in this state a great and growing need for additional public and private capital improvements and acquisitions and project development that will promote economic diversification, stability and gro…

Sec. 32-327. Definitions. As used in sections 32-325 to 32-330, inclusive, 32-23ww and 32-23xx: (1) “Act” means the Regional Economic Development Act. (2) “Agency” means any regional economic development commission formed under sections 7-136 and 7-137, other regional development…