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

Sec. 32-507. Trade consortium program. The commissioner shall, within available resources, establish a trade consortium program to facilitate and sponsor the formation of trade consortia to promote and manage the exports of participating businesses. The commissioner may, within a…

Sec. 32-508. Information and education program to promote exports. The commissioner shall, within available resources, establish a program of information and education to promote exports. Under such program, the commissioner may, within available resources, (1) provide for and co…

Sec. 32-509. Trade development companies. The commissioner shall, within available resources, (1) promote and organize the formation of trade development companies in the state to assist small and medium-sized companies in entering foreign markets and (2) provide a referral servi…

Sec. 32-510. Program to attract foreign investment into the state. The commissioner shall, within available resources, undertake a foreign recruitment program to promote the benefits of Connecticut to foreign companies to encourage them to invest in the state. The program may inc…

Sec. 32-511. Connecticut International Trade Council. Section 32-511 is repealed, effective July 1, 2013. (P.A. 94-237, S. 12, 14; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; June Sp. Sess. P.A. 98-1, S. 68, 121; P.A. 13-299, S. 95.)

Sec. 32-512. Exporting services database. Not later than October 1, 1995, the commissioner shall, within available resources, establish a database of federal agencies, state agencies, financial institutions, export trading companies, insurance companies and brokers, trade special…

Sec. 32-530. Definitions. As used in sections 32-530 to 32-540, inclusive: (1) “Exempt company” means a corporation organized pursuant to the laws of this state or qualified to do business as a foreign corporation in this state and which (A) does not engage in the active conduct …

Sec. 32-531. Geographic area of the Insurance and Financial Services Export Zone. (a) The geographic area of the Insurance and Financial Services Export Zone shall be all of the land and improvements within the city of Hartford and within the perimeter boundary described in subse…

Sec. 32-532. Procedure for corporation to elect to become an exempt company. Certificate. Revocation of election. (a) A corporation may elect to become an exempt company, by filing with the office of the Secretary of the State, at the time of filing the incorporation or qualifica…

Sec. 32-533. Exemption from regulation for exempt insurers, banking companies and investment companies. Fee and charges. (a) Exempt insurers shall not generally be subject to regulation by the Insurance Department and exempt banking companies and exempt investment companies shall…

Sec. 32-534. Regulation, investigation and examination by Insurance Commissioner to determine if exempt insurer is an exempt company and limits its activities. Judicial action for revocation of certificate. (a) An exempt insurer shall be subject to regulation, investigation and e…

Sec. 32-535. Regulation, investigation and examination by Banking Commissioner to determine if exempt banking company or investment company is an exempt company and limits its activities. Judicial action for revocation of certificate. (a) An exempt banking company or exempt inves…

Sec. 32-536. Exempt companies required to file annual declaration with the Commissioner of Revenue Services. Commissioner's powers re exempt companies. Judicial action for revocation of exempt status. (a) Each exempt company shall annually file a declaration with the Commissioner…

Sec. 32-537. Confidentiality. Compliance by exempt companies with code of conduct. Notwithstanding any provision of sections 32-530 to 32-540, inclusive, the identity of customers and policyholders of the exempt company, and the owners of an exempt mutual fund investment company …

Sec. 32-538. Tax exemptions. (a) Notwithstanding the provisions of the general statutes, for the purposes of title 12 or any successor provisions to said title 12, the income of exempt companies is exempt from the corporation business tax and income to non-United-States persons s…

Sec. 32-539. Compliance with property tax chapters. Exempt companies shall be required to comply with the provisions of chapters 203 to 205, inclusive. (P.A. 96-253, S. 10, 12.) History: P.A. 96-253 effective July 1, 1996, and applicable to (1) income years of corporations under …

Sec. 32-540. Compliance with employment, labor and income tax laws. The employees of exempt companies shall be considered to be employees of a company domiciled in the United States and such exempt companies shall be required to comply with applicable federal and state employment…

Sec. 32-600. Definitions. As used in this chapter and sections 32-650 to 32-668, inclusive, the following terms shall have the following meanings: (1) “Authority” means the Capital Region Development Authority created pursuant to section 32-601. (2) “Capital city project” means a…

Sec. 32-601. Capital Region Development Authority. Operations. (a) There is created a body politic and corporate to be known as the “Capital City Economic Development Authority”. On June 15, 2012, said authority shall be known as the “Capital Region Development Authority”. The Ca…

Sec. 32-602. Purpose. Powers. Memorandum of understanding re administrative support, services and coordination. Civic center and coliseum complex exemption from municipal ordinance, law or regulation. Distribution of sums to authority for XL Center. (a) The purpose of the Capital…

Sec. 32-602a. Assistance to science center. The Capital Region Development Authority may enter into a memorandum of understanding with the Connecticut Center for Science and Exploration that provides that the authority may provide financial management and construction management …

Sec. 32-603. Adoption of procedures. The board of directors of the Capital Region Development Authority shall adopt written procedures, in accordance with the provisions of section 1-121, for: (1) Adopting an annual budget and plan of operations, which shall include a requirement…

Sec. 32-604. Feasibility and implementation study. (a) The Capital Region Development Authority shall conduct a feasibility and implementation study to determine the financial feasibility of the convention center project, as defined in subdivision (3) of section 32-600, and the s…

Sec. 32-605. Reports. Audits. Compliance of operations. (a) In lieu of the report required under section 1-123, within the first ninety days of each fiscal year of the Capital Region Development Authority, the board of directors of the authority shall submit a report to the Gover…

Sec. 32-606. Capital city economic development statement. Requirements for funds for capital city projects and capital region projects. Authority involvement. (a) Any person, including, but not limited to, a state or municipal agency, requesting funds from the state, including, b…

Sec. 32-607. Bonds, notes and other obligations. Special capital reserve funds. (a) The board of directors of the Capital Region Development Authority is authorized from time to time to issue its bonds, notes and other obligations in such principal amounts as in the opinion of th…

Sec. 32-608. State contract assistance. (a) The state, acting by and through the Secretary of the Office of Policy and Management and the State Treasurer, may enter into a contract with the Capital Region Development Authority providing that the state shall pay contract assistanc…

Sec. 32-609. Loans from Connecticut Innovations, Incorporated. With the concurrence of the Secretary of the Office of Policy and Management and the State Treasurer, the Capital Region Development Authority may submit an application to Connecticut Innovations, Incorporated on beha…

Sec. 32-610. Exemptions from taxes. The exercise of the powers granted by section 32-602 constitute the performance of an essential governmental function and the Capital Region Development Authority shall not be required to pay any taxes or assessments upon or in respect of the c…

Sec. 32-610a. Assessment of apartment property. For purposes of determining the assessment of apartment property as defined in section 12-62r, that is newly created or converted by the Capital Region Development Authority within the city of Hartford, the tax assessor shall assess…

Sec. 32-611. State pledge to bond holders and contractors. The state of Connecticut does hereby pledge to and agree with the holders of any bonds, notes and other obligations issued under section 32-607 and with those parties who may enter into contracts with the Capital Region D…

Sec. 32-612. Downtown higher education center project development. (a) A downtown higher education center project, as described in section 32-600, shall be developed by the Department of Administrative Services in consultation with the Board of Trustees of the Community-Technical…

Sec. 32-613. Applications for licenses, permits, approvals and administrative actions. (a) Any environmental permit or approval required or permitted to be issued and any administrative action required or permitted to be taken pursuant to the general statutes in connection with o…

Sec. 32-614. Bond authorization for the convention center project. (a) For the purposes described in subsection (b) of this section the State Bond Commission shall have power, from time to time but in no case later than June 30, 2005, to authorize the issuance of bonds of the sta…

Sec. 32-615. Bond authorization for the downtown higher education center project. (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time, but in no case later than June 30, 2005, to authorize the issuanc…

Sec. 32-616. Bond authorization for the Civic Center and coliseum complex project, the riverfront infrastructure development and improvement project, housing, demolition and parking projects. (a) For the purposes described in subsection (b) of this section the State Bond Commissi…

Sec. 32-616a. Agreement re management and operation of XL Center. (a) For purposes of this section and section 32-616b: (1) “Authority” means the Capital Region Development Authority established pursuant to section 32-601. (2) “Contractor” means an entity, including any affiliate…

Sec. 32-616b. Agreement for renovation and reconstruction of XL Center. (a) Notwithstanding any provision of the general statutes, the authority may enter into one or more agreements for a project to renovate and reconstruct the XL Center. Any such agreement shall be entered into…

Sec. 32-617. Indemnification of officials of Capital Region Development Authority. The state shall protect, save harmless and indemnify the Capital Region Development Authority and its directors, officers and employees from financial loss and expense, including legal fees and cos…

Sec. 32-617a. Limitation on liability of state officials. No officer or employee of the state executing any agreement with respect to all or any portion of the overall project or stadium facility operations, or otherwise pursuant to sections 32-660 to 32-668, inclusive, shall be …

Sec. 32-617g. Bond authorization for residential housing development. (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 pr…

Secs. 32-620 to 32-649. Legislative findings. Sections 32-620 to 32-649, inclusive, are repealed, effective July 1, 1999. (Dec. Sp. Sess. P.A. 98-1, S. 1–28, 41, 43; P.A. 99-241, S. 65, 66.)

Sec. 32-650. Legislative findings. It is found and declared that the general welfare, health and prosperity of the people of the state of Connecticut will be promoted by the holding in the vicinity of its capital city of Hartford of university sporting events, other athletic cont…

Sec. 32-650a. “Adriaen's Landing”. The use of the term “Adriaen's Landing” in this chapter, subdivision (1) of section 12-412 and subsection (a) of section 12-498 is for convenience and shall not be construed to require that the improvements within the capital city economic devel…

Sec. 32-651. Definitions. As used in sections 32-650 to 32-668, inclusive, sections 39 and 40 of public act 98-1 of the December special session*, as amended by public act 99-241 and public act 00-140, and subsection (c) of section 32-605: (1) “Adriaen's Landing site” means the a…

Sec. 32-652. Bond authorization for stadium facility project. (a) The State Bond Commission shall have power, in accordance with this section from time to time to authorize the issuance of bonds of the state by the Treasurer, pursuant to and in accordance with this section in one…