Connecticut Seal

Substitute Senate Bill No. 164

Public Act No. 03-197

AN ACT CONCERNING EVALUATION OF THE EFFECTIVENESS OF ECONOMIC DEVELOPMENT PROGRAMS ADMINISTERED BY THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT AND THE CONNECTICUT DEVELOPMENT AUTHORITY.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Section 32-1i of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2003):

(a) The Commissioner of Economic and Community Development [, in consultation with the executive directors of the Connecticut Development Authority and Connecticut Innovations, Incorporated and the legislative Program Review and Investigations Committee,] shall, by July 1, 1995, develop improved objectives, measures of program success and standards for granting of financial and nonfinancial assistance under programs administered by said commissioner. [, authority or corporation. ] Not later than [October 1, 1995] January 1, 2004, and annually thereafter, the commissioner [and executive directors] shall prepare [reports] a report analyzing the performance of such programs during the preceding fiscal year in accordance with such objectives, measures and standards and submit the [reports] report, in accordance with section 11-4a, to the [Connecticut Economic Conference Board for its review and comments. The board shall submit the reports, with its comments and recommendations, to the] joint standing committees of the General Assembly having cognizance of matters relating to [the Department of Economic and Community Development] commerce, appropriations and finance, revenue and bonding. [by January first of the following year. ]

(b) Not later than January 1, 2004, and biennially thereafter, the report prepared pursuant to subsection (a) of this section shall include an economic analysis of the performance of programs administered by the commissioner, based on the following criteria, in addition to any objectives, measures of program success and standards for granting of financial and nonfinancial assistance developed in accordance with subsection (a) of this section: (1) The extent to which recipients of assistance in amounts greater than one million dollars have (A) directly or indirectly increased property values in the municipalities in which the recipients are located; (B) contributed to an increased state gross product; (C) contributed to increased state productivity; (D) enhanced other state-funded economic development projects; (E) directly or indirectly created jobs in the state; and (F) stopped or decreased the loss of jobs from the state; (2) the extent to which employees of recipients of assistance participate in health benefit plans offered by such recipients; (3) the extent to which recipients of assistance offer unique economic, social, cultural or aesthetic attributes to the municipalities in which the recipients are located or to the state; and (4) any other qualitative criteria for granting financial and nonfinancial assistance that said commissioner deems appropriate.

(c) The commissioner shall make the report required under subsection (a) of this section available electronically by posting such report on the Department of Economic and Community Development's website not later than thirty days after the date such report is submitted to the joint standing committees of the General Assembly having cognizance of matters relating to commerce, appropriations and finance, revenue and bonding.

Approved June 26, 2003