Sec. 7-546. Grants-in-aid. Plan for activities. (a) The Secretary of the Office of
Policy and Management shall establish a program of financial assistance in the form of
grants-in-aid to public investment communities as defined in section 7-545. The amount
of each grant shall be determined as follows: The population of the public investment
community shall be multiplied by its eligibility index and the product divided by the
product of the population of all public investment communities multiplied by the total
eligibility index of all public investment communities. The resulting factors for each
public investment community shall be totalled. The amount of the grant each public
investment community shall be eligible for shall bear the same relationship to the total
amount appropriated for such purpose as does the factor for each public investment
community to the total of such factors.
(b) Each public investment community determined to be eligible for a grant under
section 7-545 and this section, in any year shall continue to be eligible during the four
years next succeeding the year in which such public investment community was determined to be eligible.
(c) Each town shall submit a plan for activities to be paid with grants under this
section to the Commissioner of Economic and Community Development for his approval. Financial assistance under section 7-545 and this section, may be used for the
following: Job training, community economic development, reduction in workers' compensation costs, facilitation of environmental compliance and permitting, manufacturers' tax rebates, contributions to regional economic development revolving loan funds
and the creation of net new jobs in retail establishments and job retention and the creation
of net new jobs in manufacturing establishments. Not more than five per cent of any
amount received under this section may be used for planning and administrative costs.
(P.A. 92-213, S. 2, 5; P.A. 93-99, S. 2, 3; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; P.A. 97-274, S. 5, 7.)
History: P.A. 93-99 amended Subsec. (a) by making technical changes to calculations for the amount of a grant, effective
June 2, 1993, and applicable to applications for grants made on and after July 1, 1992; P.A. 95-250 and P.A. 96-211
replaced Commissioner and Department of Economic Development with Commissioner and Department of Economic
and Community Development; P.A. 97-274 deleted references to Sec. 7-547, effective June 26, 1997.