Sec. 32-227. Bond issue. (a) For the purpose of carrying out or administering a
municipal or business development project, (1) a municipality, acting by and through
its implementing agency, may, subject to the limitations and procedures set forth in this
section, issue from time to time bonds of the municipality, and (2) the Connecticut
Development Authority may, upon a resolution adopted by the legislative body of the
municipality, issue from time to time bonds which, in either case, are payable solely or
in part from and secured by: (A) A pledge of and lien upon any or all of the income,
proceeds, revenues and property of development projects, including the proceeds of
grants, loans, advances or contributions from the federal government, the state or other
source, including financial assistance furnished by the municipality or any other public
body pursuant to sections 32-220 to 32-234, inclusive; (B) taxes or payments in lieu of
taxes, or both, in whole or in part, allocated to and paid into a special fund of the municipality or the Connecticut Development Authority pursuant to the provisions of subsection (c) of this section; or (C) any combination of the methods in subparagraphs (A)
and (B) of this subdivision. Any bonds payable and secured as provided in this subsection
shall be authorized by, and the appropriation of the proceeds thereof approved by and
subject to, a resolution adopted by the legislative body of the municipality, notwithstanding the provisions of any other statute, local law or charter governing the authorization
and issuance of bonds and the appropriation of the proceeds thereof generally by the
municipality. No such resolution shall be adopted until after a public hearing has been
held upon such authorization. Notice of such hearing shall be published not less than
five days prior to such hearing in a newspaper having a general circulation in the municipality. Any such bonds of a municipality or the Connecticut Development Authority
shall be issued and sold in such manner; bear interest at such rate or rates, including
variable rates; provide for the payment of interest on such dates, whether before or at
maturity; be issued at, above or below par; mature at such time or times not exceeding
thirty years from their date; have such rank or priority; be payable in such medium of
payment; be issued in such form, including, without limitation, registered or book-entry
form; carry such registration and transfer privileges and be made subject to purchase or
redemption before maturity at such price or prices and under such terms and conditions,
including the condition that such bonds be subject to purchase or redemption on the
demand of the owner thereof; and contain such other terms and particulars as the legislative body of the municipality or the officers delegated such authority by the legislative
body of the municipality shall determine. Any such bonds of the Connecticut Development Authority shall be issued and sold in the manner and subject to the general terms
and provisions of law applicable to issuance of bonds by the Connecticut Development
Authority, except that the provisions of subsection (b) of section 32-23j shall not apply.
The proceedings under which bonds are authorized to be issued may, subject to the
provisions of indenture or to any other depository agreement, provide for the method
of disbursement thereof, with such safeguards and restrictions as it may determine. Any
pledge made by the municipality or the Connecticut Development Authority for bonds
issued as provided in this subsection shall be valid and binding from the time when the
pledge is made, and any revenues or other receipts, funds or moneys so pledged and
thereafter received by the municipality or the Connecticut Development Authority shall
be subject to the lien of such pledge without any physical delivery thereof or further
act. The lien of any such pledge shall be valid and binding as against all parties having
claims of any kind in tort, contract or otherwise against the municipality or Connecticut
Development Authority, irrespective of whether such parties have notice of such lien.
Neither the resolution nor any other instrument by which a pledge is created need be
recorded. All expenses incurred in carrying out such financing may be treated as project
costs. Such bonds shall not be included in computing the aggregate indebtedness of the
municipality, provided, if such bonds are made payable, in whole or in part, from funds
contracted to be advanced by the municipality, the aggregate amount of such funds not
yet appropriated to such purpose shall be included in computing the aggregate indebtedness of the municipality. As used in this section, "bonds" means any bonds, including
refunding bonds, notes, temporary notes, interim certificates, debentures or other obligations. Temporary notes issued in accordance with this subsection in anticipation of the
receipt of the proceeds of bond issues may be issued for a period of not more than five
years, and notes issued for a shorter period of time may be renewed by the issue of other
notes, provided the period from the date of the original notes to the maturity of the last
notes issued in renewal thereof shall not exceed five years. For purposes of this section,
references to the Connecticut Development Authority shall include any subsidiary of
the Connecticut Development Authority established pursuant to subsection (l) of section
32-11a.
(b) For the purpose of carrying out or administering a municipal or business development project, a municipality or its implementing agency may accept grants, advances,
loans or other financial assistance from the federal government, the state or other source
and may do any and all things necessary or desirable to secure such financial aid. To
assist any project located in the area in which it is authorized to act, any public body,
including the state, or any city, town, borough, authority, district, subdivision or agency
of the state, may, upon such terms as it determines, furnish service or facilities, provide
property, lend or contribute funds, and take any other action of a character which it is
authorized to perform for other purposes. To obtain funds for the temporary and definitive financing of any project, a municipality or implementing agency may, in addition
to other action authorized under this act or other law, issue its general obligation bonds,
notes, temporary notes or other obligations secured by a pledge of the municipality's
full faith and credit. Such bonds, notes, temporary notes and other obligations shall be
authorized in accordance with the requirements for the authorization of such obligations
generally by the municipality and the authorization, issuance and sale thereof shall be
subject to the limitations contained in the general statutes, including provisions on the
limitation of the aggregate indebtedness of the municipality. Notwithstanding the provisions of sections 7-264, 7-378 and 7-378a, and any other public or special act or charter
or bond ordinance or bond resolution which limits the issuance or renewal of temporary
notes issued in anticipation of the receipt of the proceeds of bond issues to a period of
time of less than five years from the date of the original notes or requires a reduction
in the principal amount of such notes or renewal notes prior to the fifth anniversary of
the date of the original notes, such temporary notes may be issued for a period of not
more than five years, and notes issued for a shorter period of time may be renewed by
the issue of other notes, provided the period from the date of the original notes to the
maturity of the last notes issued in renewal thereof shall not exceed five years.
(c) Any development plan authorized under sections 32-220 to 32-234, inclusive,
or any proceedings authorizing the issuance of bonds under said sections may contain
a provision that taxes, if any, identified in such plan or such authorizing proceedings
and levied upon taxable real or personal property, or both, in a project each year or
payments in lieu of such taxes authorized pursuant to chapter 114, or both, by or for the
benefit of any one or more municipalities, districts or other public taxing agencies, as
the case may be, shall be divided as follows: (1) In each fiscal year that portion of the
taxes or payments in lieu of taxes, or both, which would be produced by applying the
then current tax rate of each of the taxing agencies to the total sum of the assessed value
of the taxable property in the project on the effective date of such adoption or the date
of such authorizing proceedings, as the case may be, or on any date between such two
dates which is identified in such proceedings, shall be allocated to and when collected
shall be paid into the funds of the respective taxing agencies in the same manner as taxes
by or for said taxing agencies on all other property are paid; and (2) that portion of the
assessed taxes or the payments in lieu of taxes, or both, each fiscal year in excess of the
amount referred to in subdivision (1) of this subsection shall be allocated to and when
collected shall be paid into a special fund of the municipality or the Connecticut Development Authority to be used in each fiscal year, first to pay the principal of and interest
due in such fiscal year on loans, moneys advanced to, or indebtedness, whether funded,
refunded, assumed, or otherwise, incurred by such municipality or the Connecticut Development Authority to finance or refinance in whole or in part, such project, and then,
at the option of the municipality or the Connecticut Development Authority, to purchase
bonds issued for the project which has generated the tax increments or payments in lieu
of taxes and then, at the option of the municipality or the Connecticut Development
Authority, to reimburse the provider of or reimbursement party with respect to any
guarantee, letter of credit, policy of bond insurance, funds deposited in a debt service
reserve fund, funds deposited as capitalized interest or other credit enhancement device
used to secure payment of debt service on any bonds, notes or other indebtedness issued
pursuant to this section to finance or refinance such project, to the extent of any payments
of debt service made therefrom. Unless and until the total assessed valuation of the
taxable property in a project exceeds the total assessed value of the taxable property in
such project as shown by the last assessment list referred to in subdivision (1) of this
subsection, all of the taxes levied and collected and all of the payments in lieu of taxes
due and collected upon the taxable property in such project shall be paid into the funds
of the respective taxing agencies. When such loans, advances, and indebtedness, if any,
and interest thereof, and such debt service reimbursement to the provider of or reimbursement party with respect to such credit enhancement, have been paid in full, all
moneys thereafter received from taxes or payments in lieu of taxes, or both, upon the
taxable property in such development project shall be paid into the funds of the respective
taxing agencies in the same manner as taxes on all other property are paid.
(d) Notwithstanding the provisions of subsection (a) or (b) of this section and any
other public or special act or charter or bond ordinance or bond resolution which limits
the renewal of temporary notes issued pursuant to said subsections in anticipation of
the receipt of the proceeds of bond issues to five years from the date of the original
notes, any municipality may renew temporary notes in accordance with the provisions
of this section for an additional period of not more than four years from the end of such
five-year period. The officers or board authorized to issue the bonds or determine the
particulars of the bonds may adopt a resolution authorizing the renewal of temporary
notes for such additional period under the following conditions: (1) All project grant
payments and bond sale proceeds received shall be promptly applied toward project
costs or toward payment of such temporary notes as the same shall become due and
payable or shall be deposited in trust for such purposes; (2) no later than the end of each
period of twelve months after the end of such five-year period a portion of such temporary notes equal to at least one-twentieth of the municipality's estimated cost of the
project shall be retired from funds other than project grants or land sale proceeds or note
proceeds; (3) the interest on all temporary notes renewed after such five-year period
shall be paid from funds other than project grants or land sale proceeds or note proceeds;
(4) the principal amount of each bond issue when sold shall be reduced by the amounts
spent under subdivision (2) of this section, and the principal of such bonds shall be paid
in annual installments commencing no later than one year from the date of issue; and
(5) the maximum authorized term of the bonds when sold shall be reduced by not less
than the number of months from the end of such five-year period to the date of issue.
Any anticipated federal or state project grants or land sale proceeds may be used in
computing the municipality's cost of the project. Any municipality in which such resolution is passed shall include in its annual budget or shall otherwise appropriate sufficient
funds to make the payments required by subdivisions (2) and (3) of this subsection.
(P.A. 90-270, S. 8, 38; P.A. 93-158, S. 9, 11; P.A. 98-237, S. 5; P.A. 01-179, S. 18; P.A. 03-19, S. 78.)
History: P.A. 93-158 amended Subsecs. (a) and (b) adding provisions re temporary notes, effective June 23, 1993; P.A.
98-237 amended Subsec. (a) by authorizing the Connecticut Development Authority to issue bonds for a specified project
upon approval of the legislative body of the municipality in which the project is located, and made technical changes; P.A.
01-179 amended Subsec. (a) to make a technical change, to add provision re bonds payable and secured "in part" from and
by the project's income, proceeds, revenue and property, and to add provision specifying that references to the Connecticut
Development Authority include its subsidiaries; P.A. 03-19 made technical changes in Subsec. (a), effective May 12, 2003.
See Sec. 7-380b re issuance of bonds, notes or other obligations authorized before June 23, 1993.
Sec. 32-228. Sale, exchange or lease of real property under custody and control
of the Department Economic and Community Development. (a) The Commissioner
of Economic and Community Development may, with the approval of the Commissioner
of Public Works, the Secretary of the Office of Policy and Management and the State
Properties Review Board, sell, exchange, lease or enter into agreements concerning any
real property belonging to the state and transferred to the custody and control of the
Department of Economic and Community Development. The commissioner shall require, as a condition of any sale, exchange, lease or agreement entered into pursuant to
this section, that such real property be used primarily for manufacturing or economic
base businesses or for business support services. Prior to any such sale, exchange, lease
or agreement, the commissioner shall consult with each municipality in which the land,
improvement or interest is located.
(b) The Commissioner of Economic and Community Development, with the approval of the Commissioner of Public Works, the Secretary of the Office of Policy and
Management and the State Properties Review Board, may: (1) Enter into a contract to
purchase, lease or hold any surplus real property made available by the federal government if the commissioner determines that such real property can be utilized for manufacturing or other economic base businesses or for business support services and (2) sell,
exchange, lease or enter into an agreement concerning any real property acquired by
the commissioner under subdivision (1) of this subsection. The commissioner shall
require, as a condition of any sale, exchange, lease or agreement entered into pursuant
to subdivision (2) of this subsection, that such real property be used primarily for manufacturing or other economic base businesses or for business support services. No such
land may be sold, exchanged or leased by the commissioner under subdivision (2) of
this subsection without prior consultation with each municipality in which such land is
located.
(c) The use of any land sold, exchanged or leased under this section shall be subject
to the planning, zoning, sanitary and building laws, ordinances or regulations of the
municipality in which such land is located.
(d) The Commissioner of Economic and Community Development may, with the
approval of the Commissioner of Public Works, the Secretary of the Office of Policy
and Management and the State Properties Review Board: (1) Enter into a contract to
purchase, lease or hold any real property, other than property owned by the state or made
available by the federal government, if the commissioner has entered into a contract to
sell, exchange or lease such property to another person who will utilize such property
for manufacturing or other economic base business or for business support services
provided such sale or lease shall close not later than one week after the commissioner
purchases, leases, holds or otherwise acquires such property and further provided such
contract shall provide that the transferor shall be liable for any costs associated with
remediation of environmental contamination of such real property; and (2) sell, exchange or lease any real property acquired by the commissioner under subdivision (1)
of this subsection. The commissioner shall require, as a condition of any sale, exchange,
lease or agreement entered into pursuant to subdivision (2) of this subsection, that such
real property be used primarily for manufacturing or other economic base business or
for business support services. No such land may be sold, exchanged or leased by the
commissioner under subdivision (2) of this subsection without prior consultation with
each municipality in which such real property is located provided any person who leases
such property from the commissioner under this subsection shall be liable to the municipality for any tax due under chapter 203 as if such lessee were the owner of such property.
The transferor shall be liable for any costs associated with remediation of environmental
contamination of any property which the Commissioner of Economic and Community
Development proposes to acquire under this section provided, in the case of a property
to be subsequently sold by the commissioner under this section, the commissioner may
enter into a contract with the subsequent transferee under which the transferee shall be
liable for such costs.
(P.A. 90-270, S. 9, 38; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; P.A. 97-211, S. 1, 7.)
History: 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. 97-211 added Subsec. (d) re acquisition and
transfer of certain real property by the commissioner, effective June 24, 1997.
Sec. 32-229. Conditions re relocation of certain business which received state
financial assistance. Notwithstanding the provisions of section 32-5a, the commissioner may establish a time period during which a manufacturing or economic base
business receiving financial assistance before July 1, 1996, in connection with a municipal or business development project under sections 32-220 to 32-234, inclusive, shall
not relocate outside of the state. Such time period shall be more than three years. The
commissioner may take such action as he deems necessary or appropriate to enforce
such obligation including establishment of terms and conditions for repayment of any
financial assistance given under section 32-223. The provisions of section 32-5a shall
apply to any such financial assistance given on or after said date under section 32-223.
(P.A. 90-270, S. 10, 38; P.A. 96-264, S. 3, 8.)
History: P.A. 96-264 limited application of existing provisions to financial assistance received before July 1, 1996, and
applied provisions of Sec. 32-5a to financial assistance given on or after said date under Sec. 32-223, effective July 1, 1996.
Sec. 32-230. Economic Assistance Bond Fund. (a) There is established a fund to
be known as the "Economic Assistance Bond Fund". The fund shall contain any moneys
required by law to be deposited in the fund and shall be accounted for separately from
all other moneys, funds and accounts.
(b) The proceeds from the sale of bonds and any bond anticipation notes issued for
the purposes of sections 32-220 to 32-234, inclusive, shall be deposited into the fund,
except for any refunding bonds and bonds issued to refund bond anticipation notes. The
proceeds from bonds and bond anticipation notes deposited into the fund shall be applied
to pay the financial assistance provided for in said sections and administrative expenses
and other costs incurred by the department for bond-financed state programs authorized
by said sections, the State Bond Commission in accordance with section 3-20, and the
act or acts pursuant to which such bonds and bond anticipation notes were issued.
(P.A. 90-270, S. 11, 38; P.A. 91-340, S. 6, 8; P.A. 93-382, S. 12, 69; P.A. 96-181, S. 120, 121.)
History: P.A. 91-340 made a technical change to the references to "sections 32-220 to 32-234, inclusive," in Subsecs.
(b) and (c) (made necessary by the codification of new Sec. 32-222a), but the change necessitated no substantive change
to the wording of this section as codified; P.A. 93-382 deleted former Subsec. (d) re annual report to general assembly
committees, effective July 1, 1993; P.A. 96-181 deleted former Subsec. (c) imposing maximum amount for expenditures
for administrative expenses, effective July 1, 1996.
Sec. 32-231. Economic Assistance Revolving Fund. (a) There is established a
fund to be known as the "Economic Assistance Revolving Fund". Repayment of principal and interest on loans shall be credited to such fund and shall become part of the
assets of the fund. The Economic Assistance Revolving Fund may include other separate
accounts. Any balance remaining in such fund at the end of any fiscal year shall be
carried forward in the fund for the fiscal year next succeeding.
(b) All moneys received in consideration of financial assistance, including payments of principal and interest on any loans, shall be credited to the fund. At the discretion
of the commissioner and subject to the approval of the Secretary of the Office of Policy
and Management, any federal, private or other moneys received by the state in connection with projects undertaken pursuant to sections 32-220 to 32-234, inclusive, shall be
credited to the assets of the fund.
(c) The commissioner may provide financial assistance pursuant to section 32-223
from the fund established under this section. Notwithstanding any provision of the general statutes, payment of any administrative expenses or other costs incurred by the
department in carrying out the purposes of sections 32-220 to 32-234, inclusive, may
be paid from the fund subject to the approval of the Governor.
(P.A. 90-270, S. 12, 38; P.A. 91-340, S. 7, 8; P.A. 94-95, S. 7.)
History: P.A. 91-340 made a technical change to the references to "sections 32-220 to 32-234, inclusive," in Subsecs.
(b) and (c) (made necessary by the codification of new Sec. 32-222a), but the change necessitated no change to the wording
of this section as codified; P.A. 94-95 amended Subsec. (a) eliminating requirement that the fund be kept separate and
apart from other moneys, funds and accounts and specified that fund may include other separate accounts.
Sec. 32-232. Availability of financial assistance from Economic Assistance
Bond Fund and Economic Assistance Revolving Loan Fund for other programs.
All applications for financial assistance under chapters 130, 132, 588a and section 4-66c pending on July 1, 1990, may be funded from the Economic Assistance Bond Fund
established pursuant to section 32-230 or the Economic Assistance Revolving Loan
Fund established pursuant to section 32-231. The commissioner may provide funds
available under sections 32-220 to 32-234, inclusive, for any project commenced under
said chapters 130, 132, 588a and said section 4-66c. Any application for financial assistance under chapter 132 to be funded under section 8-195 pending on July 1, 1990, shall
be funded in accordance with said section 8-195. The commissioner may also provide
funds available under sections 32-220 to 32-234, inclusive, for the procurement of air
pollution emission reduction credits by the secretary in accordance with sections 32-242 and 32-242a.
(P.A. 90-270, S. 13, 38; P.A. 91-280, S. 3, 4; May Sp. Sess. P.A. 94-2, S. 14, 203.)
History: P.A. 91-280 added the provision that any municipal development project for which a grant was pending under
Sec. 8-195 on July 1, 1990, shall be funded in accordance with said section; May Sp. Sess. P.A. 94-2 authorized the
commissioner to provide funding for Secs. 32-242 and 32-242a from Secs. 32-220 to 32-234, inclusive, effective July
1, 1994.
Sec. 32-233. Broad interpretation of powers. (a) The powers enumerated in sections 32-220 to 32-234, inclusive, shall be interpreted broadly to effectuate the purposes
thereof and shall not be construed as a limitation of powers.
(b) To the extent that the provisions of sections 32-220 to 32-234, inclusive, are
inconsistent with the provisions of any general statute or special act or parts thereof,
the provisions of said sections shall be deemed controlling.
(P.A. 90-270, S. 14, 38.)
Subsec. (a):
Legislature intended broad construction of provisions of Economic Development and Manufacturing Assistance Act.
63 CA 98.
Sec. 32-234. Regulations. The commissioner may adopt regulations in accordance
with chapter 54 as necessary to carry out the provisions of sections 32-220 to 32-234,
inclusive.
(P.A. 90-270, S. 15, 38.)
Sec. 32-235. Bond issue. (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 the aggregate four hundred ninety-five million three hundred thousand
dollars.
(b) The proceeds of the sale of said bonds, to the extent of the amount stated in
subsection (a) of this section, shall be used by the Department of Economic and Community Development for the purposes of sections 32-220 to 32-234, inclusive, including
economic cluster-related programs and activities, and for the Connecticut job training
finance demonstration program pursuant to sections 32-23uu and 32-23vv provided, (1)
three million dollars shall be used by said department solely for the purposes of section
32-23uu and not more than five million two hundred fifty thousand dollars of the amount
stated in said subsection (a) may be used by said department for the purposes of section
31-3u, (2) not less than one million dollars shall be used for an educational technology
grant to the deployment center program and the nonprofit business consortium deployment center approved pursuant to section 32-41l, (3) not less than two million dollars
shall be used by said department for the establishment of a pilot program to make grants
to businesses in designated areas of the state for construction, renovation or improvement
of small manufacturing facilities provided such grants are matched by the business, a
municipality or another financing entity. The commissioner shall designate areas of the
state where manufacturing is a substantial part of the local economy and shall make
grants under such pilot program which are likely to produce a significant economic
development benefit for the designated area, and (4) five million dollars may be used
by said department for the manufacturing competitiveness grants program.
(c) All provisions of section 3-20, or the exercise of any right or power granted
thereby which are not inconsistent with the provisions of this section are hereby adopted
and shall apply to all bonds authorized by the State Bond Commission pursuant to this
section, and temporary notes in anticipation of the money to be derived from the sale
of any such bonds so authorized may be issued in accordance with said section 3-20
and from time to time renewed. Such bonds shall mature at such time or times not
exceeding twenty years from their respective dates as may be provided in or pursuant
to the resolution or resolutions of the State Bond Commission authorizing such bonds.
None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization, which is signed
by or on behalf of the Secretary of the Office of Policy and Management and states such
terms and conditions as said commission, in its discretion, may require. Said bonds
issued pursuant to this section shall be general obligations of the state and the full faith
and credit of the state of Connecticut are pledged for the payment of the principal of
and interest on said bonds as the same become due, and accordingly and as part of the
contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the Treasurer shall pay such principal and interest as the same become due.
(P.A. 90-270, S. 33, 38; P.A. 91-340, S. 5, 8; June Sp. Sess. P.A. 91-4, S. 22, 25; May Sp. Sess. P.A. 92-7, S. 24, 36;
P.A. 93-394, S. 2, 3; 93-433, S. 7, 26; June Sp. Sess. P.A. 93-1, S. 20, 45; May Sp. Sess. P.A. 94-2, S. 196, 203; P.A. 95-250, S. 1; 95-272, S. 20, 29; P.A. 96-211, S. 1, 5, 6; June 5 Sp. Sess. P.A. 97-1, S. 18, 20; P.A. 98-259, S. 16, 17; P.A. 99-241, S. 16, 66; 99-242, S. 89, 90; P.A. 00-167, S. 66, 69; June Sp. Sess. P.A. 01-7, S. 10, 28; May 9 Sp. Sess. P.A. 02-5,
S. 14; May Sp. Sess. P.A. 04-1, S. 11, 12.)
History: P.A. 91-340 amended Subsec. (a) by increasing the maximum amount of state bonds the bond commission
may authorize for the purposes of sections 32-220 to 32-234, inclusive, from forty million to fifty million dollars and
amended Subsec. (b) by providing that ten million dollars of said total amount the bond commission may authorize shall
be used solely for defense diversification projects as defined in sections 32-222 and 32-222a; June Sp. Sess. P.A. 91-4
increased the bond authorization from fifty million dollars to seventy million dollars; May Sp. Sess. P.A. 92-7 amended
Subsec. (a) to increase the bond authorization from seventy million dollars to one hundred seventeen million five hundred
thousand dollars and amended Subsec. (b) to increase amount set aside for defense diversification projects from ten million
dollars to twenty-two million five hundred thousand dollars; P.A. 93-394 amended Subsec. (b) to set aside not more than
five million two hundred fifty thousand dollars for purposes of Sec. 31-3t, effective July 1, 1993; P.A. 93-433 raised
aggregate total of bonds from one hundred seventeen million five hundred thousand dollars to one hundred twenty-two
million five hundred thousand dollars and authorized bonds proceeds to be used for the Connecticut job training finance
demonstration program, effective July 1, 1993; June Sp. Sess. P.A. 93-1 amended Subsec. (a) to increase bond authorization
from one hundred twenty-two million five hundred thousand dollars to two hundred thirty-seven million five hundred
thousand dollars, effective July 1, 1993, provided forty million dollars of said authorization shall be effective July 1, 1994,
and amended Subsec. (b) to increase bond authorization from twenty-four million five hundred thousand dollars to forty-two million five hundred thousand dollars, effective July 1, 1993, provided ten million dollars of said authorization shall
be effective July 1, 1994 (Revisor's note: The language enacted in Subsec. (b) by P.A. 93-433 and inadvertently omitted
from this act through clerical error was restored editorially by the Revisors); May Sp. Sess. P.A. 94-2 in Subsec. (a)
increased total bond authorization from two hundred thirty-seven million five hundred thousand dollars to two hundred
sixty-seven million five hundred thousand dollars and increased bond authorization from forty million dollars to seventy
million dollars, effective June 21, 1994; 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. 95-272 amended
Subsec. (a) to increase authorization from two hundred sixty-seven million five hundred thousand dollars to three hundred
two million five hundred thousand dollars, effective July 1, 1995, provided twenty-five million dollars shall be effective
July 1, 1996; June 5 Sp. Sess. P.A. 97-1 amended Subsec. (a) to increase bond authorization from three hundred two million
five hundred thousand dollars to three hundred twenty-five million three hundred thousand dollars provided five million
dollars of the authorization is effective July 1, 1998, effective July 31, 1997; P.A. 98-259, effective July 1, 1998, amended
Subsec. (a) to increase authorization from $325,300,000 to $329,300,000, provided $9,000,000 of said authorization was
effective July 1, 1998; P.A. 99-241 amended Subsec. (a) to increase authorization from $329,300,000 to $399,300,000,
provided $35,000,000 is effective July 1, 2000, and Subsec. (b) to add proviso that not less than $2,000,000 be used for a
pilot program to make grants to small manufacturing facilities in designated areas of the state effective July 1, 1999; P.A.
99-242 amended Subsec. (b) to add new Subdiv. (2) re one million dollars to be used for an educational technology grant
to the deployment center program and the nonprofit business consortium deployment center, effective July 1, 1999; P.A.
00-167 amended Subsec. (a) to increase the aggregate bond authorization from $399,300,000 to $465,300,000, effective
July 1, 2000, of which $101,000,000 is effective July 1, 2000; June Sp. Sess. P.A. 01-7 amended Subsec. (a) to increase
authorization from $465,300,000 to $525,300,000 provided $30,000,000 is effective July 1, 2002, effective July 1, 2001;
May 9 Sp. Sess. P.A. 02-5 amended Subsec. (a) to make a technical change and decrease authorization from $525,300,000
to $505,300,000, provided that $10,000,000 dollars is effective July 1, 2003, effective July 1, 2002; May Sp. Sess. P.A.
04-1 amended Subsec. (a) to decrease the aggregate authorization to $495,300,000 and delete provision re funds authorized
in 2003, and amended Subsec. (b) to authorize expenditures for economic cluster-related programs and to authorize five
million dollars for the manufacturing competitiveness grants program, effective July 1, 2004.
Sec. 32-236. Provision of assistance to certain financial institutions. Exemption from requirement for approval by General Assembly. In furtherance of the
economic development of the state, the Department of Economic and Community Development may provide financial assistance under sections 32-220 to 32-235, inclusive,
to a financial institution, as defined in section 12-217u, which has not less than two
thousand qualified employees, determined in accordance with subsections (d) and (e)
of said section 12-217u, at a facility or facilities located in a municipality in this state
with a population greater than one hundred thousand. The provisions of section 32-462
shall not apply to such assistance.
(P.A. 00-170, S. 29, 42.)
History: P.A. 00-170 effective May 26, 2000.
Secs. 32-237 to 32-239. Reserved for future use.
Sec. 32-240. Grants for establishment of flexible manufacturing networks.
Reports. (a) As used in this section:
(1) "Commissioner" means the Commissioner of Economic and Community Development;
(2) "Flexible manufacturing network" means a group of three or more private sector
firms working cooperatively to (A) manufacture products, (B) sell, market, develop
technologies for or create or disseminate information concerning manufactured products
or (C) provide manufacturing support services or computer integrated manufacturing
for such firms; and
(3) "Manufacturing support services" means services utilized by manufacturers to
improve productivity, including but not limited to, services related to quality, management, technology or product development, marketing or modernization.
(b) The commissioner shall award grants for the establishment of flexible manufacturing networks in the state. Such grants may be awarded to entities interested in establishing flexible manufacturing networks, including but not limited to, manufacturers,
trade associations, unions, municipalities and nonprofit corporations.
(c) The commissioner shall prepare and issue a request for proposals for flexible
manufacturing network services. The request for proposals shall require each person,
firm or corporation submitting a proposal to: (1) Indicate the manufacturing sector or
sectors to be included in the network, (2) indicate the persons, firms and corporations
expected to participate in the network, (3) identify common problems and needs of the
network participants, (4) indicate the objectives of the network, which may include but
shall not be limited to, sharing costs and risks, instituting joint worker training programs,
sharing new machines and equipment, using management consultant and extension services, utilizing centralized administrative support, accessing public and private development funds and identifying new business opportunities, (5) identify the specific tasks
that the network would undertake and (6) provide any other information deemed necessary by the Commissioner of Economic and Community Development.
(d) Not later than January 1, 1995, the commissioner shall report to the General
Assembly on the amount of money that would be necessary to provide a grant to a flexible
manufacturing network to enable the network to procure training for its participants in
high performance work practices.
(P.A. 92-236, S. 30, 48; P.A. 93-382, S. 13, 69; P.A. 94-116, S. 12, 28; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6.)
History: P.A. 93-382 deleted former Subsec. (d) re annual report to general assembly committee re department of
economic development, effective July 1, 1993; P.A. 94-116 added Subsec. (d) requiring report re funding needed for
high performance work practices grant, effective July 1, 1994; 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.
Sec. 32-241. 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 the aggregate one million dollars.
(b) The proceeds of the sale of said bonds, to the extent of the amount stated in
subsection (a) of this section, shall be used by the Department of Economic and Community Development for the purposes of section 32-240.
(c) All provisions of section 3-20, or the exercise of any right or power granted
thereby which are not inconsistent with the provisions of this section are hereby adopted
and shall apply to all bonds authorized by the State Bond Commission pursuant to this
section, and temporary notes in anticipation of the money to be derived from the sale
of any such bonds so authorized may be issued in accordance with said section 3-20
and from time to time renewed. Such bonds shall mature at such time or times not
exceeding twenty years from their respective dates as may be provided in or pursuant
to the resolution or resolutions of the State Bond Commission authorizing such bonds.
None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization, which is signed
by or on behalf of the Secretary of the Office of Policy and Management and states such
terms and conditions as said commission, in its discretion, may require. Said bonds
issued pursuant to this section shall be general obligations of the state and the full faith
and credit of the state of Connecticut are pledged for the payment of the principal of
and interest on said bonds as the same become due, and accordingly and as part of the
contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the Treasurer shall pay such principal and interest as the same become due.
(P.A. 92-236, S. 44, 48; June Sp. Sess. P.A. 93-1, S. 21, 45; July Sp. Sess. P.A. 93-1, S. 2, 3; P.A. 95-250, S. 1; P.A.
96-211, S. 1, 5, 6.)
History: June Sp. Sess. P.A. 93-1 amended Subsec. (a) to increase bond authorization from one hundred million dollars
to one hundred eighty-four one hundred thousand dollars, effective July 1, 1993, provided forty-three million nine hundred
thousand dollars of said authorization shall be effective July 1, 1994; July Sp. Sess. P.A. 93-1 deleted former Subsec. (a),
as amended by section 21 of June Sp. Sess. P.A. 93-1 since the amendment was enacted in error, and reenacted said Subsec.
with the same wording as existed prior to said amendment, effective July 15, 1993; 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.
Sec. 32-242. Air pollution emission reduction credits. Program. In addition to
other financial assistance which the Department of Economic and Community Development may grant under this chapter, the Commissioner of Economic and Community
Development, in consultation with the Secretary of the Office of Policy and Management
and the Commissioner of Environmental Protection, may provide financial assistance
consisting of (1) funds to acquire air pollution emission reduction credits certified by
the Commissioner of Environmental Protection pursuant to section 22a-174f or (2) the
transfer of credits previously acquired by the Office of Policy and Management pursuant
to section 32-242a. Such transfer may be made as a grant, sale, loan or by such other
appropriate means of disposition as is determined by the Commissioner of Economic
and Community Development and the Secretary of the Office of Policy and Management. The assistance provided in the section shall be subject to the same rules and
procedures as any other financial assistance provided under sections 32-220 to 32-234,
inclusive. Any procurement, transfer or other use of such credits shall comply with the
federal Clean Air Act and any regulations, requirements and guidance issued by the
United States Environmental Protection Agency or the Department of Environmental
Protection regarding emission reduction credits.
(May Sp. Sess. P.A. 94-2, S. 12, 203; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6.)
History: May Sp. Sess. P.A. 94-2, S. 12, effective July 1, 1994; 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.
Sec. 32-242a. Purchase of air pollution emission reduction credits. (a) Notwithstanding any provision of the general statutes, the Secretary of the Office of Policy
and Management may acquire, purchase or otherwise procure air pollution emission
reduction credits certified by the Commissioner of Environmental Protection pursuant
to section 22a-174f on such terms as the secretary may deem appropriate. The secretary,
with the concurrence of the Commissioner of Economic and Community Development
and the Commissioner of Environmental Protection, may establish procedures regarding
the state's procurement and transfer of such credits as may be necessary. Any procurement, transfer or other use of such credits shall comply with the federal Clean Air Act and
any regulations, requirements and guidance issued by the United States Environmental
Protection Agency or the Department of Environmental Protection regarding emission
reduction credits.
(b) All moneys received by the department in consideration for air pollution emission reduction credits previously acquired by the secretary and transferred hereunder,
including but not limited to lease payments, licensee fees and payments of principal and
interest on any loans or purchase money obligations, shall be paid over to the Office of
Policy and Management and credited to the program to be administered by the secretary
under this section. Any additional credits procured with such moneys shall be held as
part of such program and shall be available to the secretary to provide financial assistance
as set forth in section 32-242 in accordance with the procedures established by the
secretary pursuant to subsection (a) of this section. Any balance remaining in such
program at the end of any fiscal year shall be carried forward in the program for the
fiscal year next succeeding.
(c) Notwithstanding any provision of the general statutes, any administrative expenses or any other costs of the secretary in carrying out the purposes of this section
may be paid from the resources of such program.
(May Sp. Sess. P.A. 94-2, S. 13, 203; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6.)
History: May Sp. Sess. P.A. 94-2, S. 13, effective July 1, 1994; 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.
Sec. 32-243. Reserved for future use.
Sec. 32-244. Applicability of Freedom of Information Act to data and other
information re financial assistance. (a) All data and other information received by the
Department of Economic and Community Development, the Connecticut Development
Authority or any implementing agency, as defined in section 32-222, or any advisory
board or committee of the department, authority or agency, from any person in connection with an application for, or the provision of, financial assistance, which consists of
the following, shall be deemed, for purposes of a public records request pursuant to the
Freedom of Information Act, as defined in section 1-200, made to the Department of
Economic and Community Development, the Connecticut Development Authority or
any such implementing agency, advisory board or committee, to be information described in subdivision (5) of subsection (b) of section 1-210: (1) Actual trade secrets or
information that a person intends to become a trade secret, (2) material that a person
intends to patent, (3) patented material, (4) marketing or business plans, (5) plans for
new products or services, (6) reports of customer orders or sales or other documents
that would disclose names and addresses of customers or potential customers, (7) information concerning the financial condition or personal affairs of any individual, (8) financial statements or projections, (9) sales or earnings forecasts, (10) capital or strategic
plans, (11) information regarding research and development, (12) tax returns, or (13)
other commercial, credit or financial information with respect to the financial condition
or business operations of an applicant for or recipient of financial assistance which is
of a type not customarily made available to the public.
(b) The enumeration in this section of particular types of data and information shall
not be construed to limit the possible applicability of subdivision (5) of subsection (b)
of section 1-210 to other data or information not so enumerated.
(P.A. 00-136, S. 3.)
Sec. 32-244a. Applicability of Freedom of Information Act to certain information. All information contained in any application for financial assistance submitted to
the Department of Economic and Community Development or the Connecticut Development Authority prior to October 1, 2000, and all information with respect to any
person or project, including all financial, credit and proprietary information, obtained
by the Department of Economic and Community Development or the Connecticut Development Authority prior to October 1, 2000, or on or after October 1, 2000, pursuant
to the requirements of an agreement entered into prior to October 1, 2000, shall be
exempt from the provisions of subsection (a) of section 1-210.
(P.A. 00-136, S. 4.)