Substitute Senate Bill No. 599
          Substitute Senate Bill No. 599

              PUBLIC ACT NO. 98-203


AN   ACT   CONCERNING   ECONOMIC   CLUSTERS,   THE
CONNECTICUT-ISRAEL  EXCHANGE  COMMISSION   AND   A
TWENTY-FIRST CENTURY ACTION PLAN COMMISSION.


    Be it enacted  by  the  Senate  and  House  of
Representatives in General Assembly convened:
    Section  1.  Section  32-222  of  the  general
statutes, as amended by sections 4 and 5 of public
act  97-211, is  repealed  and  the  following  is
substituted in lieu thereof:
    As  used  in   sections   32-220   to  32-234,
inclusive, AS AMENDED:
    (a)  "Business development  project"  means  a
project  undertaken  by   an   eligible  applicant
involving one or  more of the activities described
in subdivision (1),  satisfying one or more of the
criteria set forth in subdivision (2) or involving
the activities described  in  subdivision  (3), as
follows:
    (1) The project involves (A) the construction,
substantial renovation, improvement  or  expansion
of a facility;  (B) the acquisition of an existing
facility that has  been idle for at least one year
prior  to  such   acquisition,  provided  if  such
facility is acquired  through a lease, such lease:
(i) Shall be  for an initial term of not less than
five years and  (ii)  shall  be  renewable  at the
option of the lessee for an additional term of not
less than five  years,  provided  the lease may be
subject to the  option  of  the lessee to purchase
the facility at  any time during the lease term or
thereafter. The commissioner  may  waive  the  one
year idleness requirement  upon determination that
there is a  high likelihood that the facility will
remain  idle  for   one   year.   In  making  such
determination, the commissioner shall consider the
marketability  of  the   facility,   the   general
economic condition of  the  municipality  in which
the facility is located, the size of the facility,
the economic benefit  of  the proposed acquisition
to the municipality  and the state, including, but
not limited to, the number of employment positions
proposed to be  established  at  the facility, and
the degree to  which  the  provision  of financial
assistance  under  sections   32-220   to  32-234,
inclusive,  AS  AMENDED,   is   necessary   as  an
inducement to the  eligible  applicant  to acquire
the facility; (C) the acquisition of new machinery
and equipment used  directly  in the manufacturing
of goods or products and acquired through purchase
as part of  the  technological  upgrading  of  the
manufacturing process of  a  facility  used in the
operation  of a  manufacturing  or  economic  base
business  which  (i)   has   been   in  continuous
operation in the  state  for  not  less  than five
years; and (ii)  has  incurred  costs in acquiring
such machinery and  equipment  not  less  than the
greater of two  hundred  thousand  dollars, or two
hundred per cent of the average annual expenditure
of the manufacturing or economic base business for
the acquisition of  new  machinery  and  equipment
used directly in  the  manufacturing  of  goods or
products at the  facility  during  the three years
prior to the  date  upon  which an application for
financial  assistance  is  submitted  pursuant  to
subsection (c) of  section  32-223, AS AMENDED, or
(D) the acquisition,  improvement,  demolition  or
disposition  of  real  property,  or  combinations
thereof, used or to be used in connection with the
operation  of a  manufacturing  or  economic  base
business, provided, if  the  eligible applicant is
not a municipality  or  implementing  agency,  the
commissioner  has  determined  that  such  project
would not be  undertaken  or completed in a timely
manner  except  for  the  provision  of  financial
assistance pursuant to  sections 32-220 to 32-234,
inclusive,  AS  AMENDED,  and  that  such  project
promotes the economic  stability and growth of the
state or any region thereof;
    (2) A project  which  will:  (A)  Create  at a
facility,  within  twenty-four   months   of   the
initiation of a  hiring program, not less than ten
new jobs or  an  increase in the number of persons
employed  at the  facility  of  twenty  per  cent,
whichever   is   greater;    (B)    promote    the
diversification of the  economy  of an area of the
state  or manufacturing  or  other  economic  base
business   where  such   area   or   business   is
substantially  reliant upon  defense  and  related
industry;  (C)  assist  in  the  avoidance  of  an
imminent  plant  closing   or   relocation   by  a
manufacturing or other  economic  base business or
assist or improve  the  economy  of an area of the
state  which  has   been   or   is  likely  to  be
significantly and adversely  impacted  by  one  or
more  major plant  closings  or  relocations;  (D)
support     research    and     development     or
commercialization   of   technologies,   products,
processes  or techniques  of  a  manufacturing  or
other   economic  base   business;   (E)   promote
community   conservation   or    development    or
improvement  of the  quality  of  life  for  urban
residents  of  the   state;  or  (F)  promote  the
revitalization   of   underutilized,   state-owned
former railroad depots  and areas adjacent to such
depots;
    (3) The project  involves  the  creation of an
inventors workshop by  an  eligible  applicant, to
enable  (A)  small   manufacturing  subcontractors
which manufacture parts and components exclusively
for  other companies  or  (B)  current  or  former
manufacturing   employees  or   higher   education
faculty   or   researchers,   to   design,   test,
manufacture   and   market    new   products   and
manufacturing techniques;
    (b)   "Business   support    services"   means
activities  related  to  a  municipal  development
project  or  business  development  project  which
support    the   economic    competitiveness    of
manufacturing or economic base businesses or which
further the interests of the state, including, but
not limited to, facilities and services related to
day care, job training, education, transportation,
employee housing, energy  conservation,  pollution
control and recycling, provided activities related
to   employee  housing   shall   be   limited   to
feasibility and implementation studies;
    (c) "Commissioner" means  the  Commissioner of
Economic and Community Development;
    (d)  "ECONOMIC  CLUSTER"   MEANS  AN  ECONOMIC
CLUSTER, AS DEFINED  IN  SECTION 32-4e, RECOGNIZED
BY THE COMMISSIONER;
    [(d)] (e) "Department" means the Department of
Economic and Community Development;
    [(e)] (f) "Development  plan" means a plan for
a  municipal  development   project   prepared  in
accordance with the  provisions  of subsection (b)
of section 32-223, AS AMENDED;
    [(f)]  (g)  "Eligible   applicant"  means  any
for-profit  or  nonprofit   organization,  or  any
combination thereof, provided,  in  the  case of a
defense    diversification   project,    "eligible
applicant"  means  any   for-profit  or  nonprofit
organization,   municipality,  regional   planning
agency  or any  combination  thereof  and  further
provided, in the  case  of  a  loan  made  by  the
Connecticut  Development Authority  in  which  the
department  purchases  a  participation  interest,
"eligible  applicant"  means   the  for-profit  or
nonprofit   organization,   or   any   combination
thereof, that will  receive  the  proceeds of such
loan;
    [(g)] (h) "Facility"  means  a plant, building
or  other  real   property  improvement,  or  part
thereof, used or to be used in connection with the
operation  of a  manufacturing  or  economic  base
business;
    [(h)] (i) "Financial assistance" means grants,
extensions of credit,  loans  or  loan guarantees,
participation interests in  loans made to eligible
applicants   by   the    Connecticut   Development
Authority or combinations thereof;
    [(i)] (j) "For-profit  organization"  means  a
for-profit partnership or  sole  proprietorship or
corporation which is  a  manufacturing or economic
base business or  which  has  demonstrated  to the
satisfaction of the  commissioner  that it has the
qualifications,         including        financial
qualifications, necessary to  carry out a business
development project;
    [(j)] (k) "Implementing  agency"  means one of
the   following   agencies    designated    by   a
municipality under section 32-223, AS AMENDED: (1)
An economic development  commission, redevelopment
agency;  sewer  authority   or  sewer  commission;
public works commission;  water authority or water
commission; port authority  or  port commission or
harbor  authority or  harbor  commission;  parking
authority or parking  commission;  (2) a nonprofit
development corporation; or  (3)  any other agency
designated and authorized  by  a  municipality  to
undertake   a  project   and   approved   by   the
commissioner;
    [(k)]  (l)  "Manufacturing  or  economic  base
business"   means   a   business   classified   in
accordance    with   the    standard    industrial
classification system of  the  Bureau of Census of
the  United  States   Department  of  Commerce  as
belonging to a major industry group numbered 20 to
39, inclusive; a  business engaged in research and
development directly related to (1) manufacturing,
(2) agriculture or  (3)  aquaculture;  a  business
engaged in the  significant servicing, overhauling
or  rebuilding  of  machinery  and  equipment  for
industrial use; ANY  BUSINESS  THAT  IS PART OF AN
ECONOMIC   CLUSTER;  or   any   establishment   or
auxiliary or operating unit thereof, as defined in
the  Standard  Industrial  Classification  Manual,
which the commissioner  determines will materially
contribute to the economy of the state by creating
or retaining jobs,  exporting products or services
beyond   the   state's   boundaries,   encouraging
innovation in products  or  services, adding value
to products or  services,  or otherwise supporting
or   enhancing  existing   activities   that   are
important to the economy of the state;
    [(l)]  (m)  "Municipal   development  project"
means a business development project through which
real property is  acquired  by  a  municipality or
implementing agency as part of such project;
    [(m)] (n) "Municipality"  means  a town, city,
consolidated town and  city  or  consolidated town
and borough;
    [(n)]  (o) "Nonprofit  organization"  means  a
municipality or nonprofit  corporation  as defined
in section 33-1002 and organized under the laws of
this  state  and  for  purposes  of  this  chapter
includes any constituent  unit of the state system
of higher education;
    [(o)]  (p)  "Planning   commission"   means  a
planning and zoning commission designated pursuant
to section 8-4a  or  a planning commission created
pursuant to section 8-19;
    [(p)]   (q)  "Project"   means   a   municipal
development   project  or   business   development
project;
    [(q)] (r) "Project area" means the area within
which a municipal  development project or business
development project is located;
    [(r)]   (s)  "Real   property"   means   land,
buildings and other  structures  and  improvements
thereto, subterranean or subsurface right, any and
all easements, air  rights  and  franchises of any
kind or nature;
    [(s)]    (t)    "Site    and    infrastructure
improvements" mean improvements  to:  (1) Sanitary
sewer facilities; (2) natural gas pipes, electric,
telephone  and  telecommunications   conduits  and
other facilities and  waterlines  and water supply
facilities,  except for  any  such  pipes,  wires,
conduits, waterlines or  facilities which a public
service company, as defined in section 16-1, water
company,  as  defined   in   section   25-32a,  or
municipal utility is  required to install pursuant
to any provision  of  the  general statutes or any
special act, regulation or order of the Department
of Public Utility  Control  or  a  certificate  of
public  convenience  and   necessity;   (3)  storm
drainage  facilities,  including   facilities   to
control flooding; (4)  site  grading, landscaping,
environmental  improvements,  parking  facilities,
roadways and related  appurtenances;  (5) railroad
spurs; (6) public  port or docking facilities; and
(7) such other  related  improvements necessary or
appropriate to carry out the project;
    [(t)]  (u)  "State"   means   the   state   of
Connecticut;
    [(u)]  (v)  "Targeted   investment  community"
means a municipality  which contains an enterprise
zone  designated pursuant  to  section  32-70,  AS
AMENDED;
    [(v)] (w) "Total  project cost" means costs of
any  kind or  nature  relating  to  the  planning,
implementation and completion  of  a  municipal or
business development project;
    [(w)]  (x) "Defense  diversification  project"
means a project  undertaken during the period from
July 1, 1991,  to  June 30, 1998, inclusive, by an
eligible applicant, as defined in this subsection,
involving any of  the following: (1) Conversion or
preparation  for  conversion   of  defense-related
production  to  other  types  of  production;  (2)
product diversification or capital, organizational
or  technological  modernization  by  an  eligible
applicant engaged in  defense-related  production;
(3)  product  diversification   or  conversion  of
business service activity  for  application or use
in  other than  defense-related  business  by  any
subcontractor    engaged    in     defense-related
production  or  business   service  activity;  (4)
conversion  by  an   eligible  applicant  of  real
property used in  its  entirety,  or  in part, for
defense-related activity to  a  use  primarily for
other than defense-related activity, including use
as a site  related  to  the  export of Connecticut
products   from  the   state   for   purposes   of
encouraging   such   exportation;    (5)   product
diversification or conversion  of business service
activity  by  an  eligible  applicant  engaged  in
production or business  service  activity which is
not  defense-related in  a  region  of  the  state
determined by the commissioner to be significantly
impacted  by  the  loss,  or  potential  loss,  of
defense-related  production  or  business  service
activity, including acquisition or development, or
both,  of real  property  by  such  applicant  for
purposes of such  diversification  or  conversion;
and (6) the  creation  or expansion of production,
business  service,  research  or  research-related
activities  by an  eligible  applicant  that  will
significantly  increase  employment  opportunities
for   former  employees   of   a   contractor   or
subcontractor    engaged    in     defense-related
production.   For   purposes    of   any   defense
diversification  project,  as   defined   in  this
subsection, (A) "regional  defense diversification
plan" means a  plan  prepared  or  supported by an
eligible applicant for  purposes  of (i) promoting
or advocating defense  diversification projects or
(ii) supporting the  retention of naval operations
as  an interim  strategy  for  economic  stability
within  a  region   seeking  diversification,  (B)
"eligible  applicant"  means   any  for-profit  or
nonprofit  organization,  municipality,   regional
planning agency or any combination thereof and (C)
"business service activity" means the rendering of
any type of service to a business organization for
consideration;
    [(x)] (y) "Legislative  body"  means  (1)  the
board of selectmen  in a town that does not have a
charter,  special  act   or  home  rule  ordinance
relating to its  government  or  (2)  the council,
board of aldermen,  representative  town  meeting,
board of selectmen  or  other  elected legislative
body described in  a  charter, special act or home
rule ordinance relating  to  its  government  in a
city,  consolidated town  and  city,  consolidated
town and borough  or  a  town  having  a  charter,
special act, consolidation  ordinance or home rule
ordinance relating to its government.
    Sec. 2. Section 32-348 of the general statutes
is repealed and  the  following  is substituted in
lieu thereof:
    (a) There is  hereby  established  within  the
Department of Economic and Community Development a
manufacturing extension service  program  for  the
purpose  of  awarding   a   grant  to  [a  private
nonprofit or public  entity  seeking  to establish
within the state a manufacturing extension service
for  small  and  medium-sized  manufacturers]  THE
CONNECTICUT  MANUFACTURING  EXTENSION  PARTNERSHIP
AFFILIATE, WHICH SHALL  BE  KNOWN  AS CONNSTEP, AS
DESIGNATED  BY THE  UNITED  STATES  DEPARTMENT  OF
COMMERCE  NATIONAL  INSTITUTE   OF  STANDARDS  AND
TECHNOLOGY. Applications for  a  grant  under this
section shall be  made and grants shall be awarded
in  the  manner   and   form   prescribed  by  the
commissioner.     The     extension      service's
responsibilities shall include, but not be limited
to, providing training  for small and medium-sized
businesses in high performance work practices.
    [(b)   The  Commissioner   of   Economic   and
Community  Development  shall,   within  available
appropriations, conduct a study of the feasibility
of  the consolidation  of  the  business  outreach
center challenge grant  program  authorized  under
section 32-9qq and  The  University of Connecticut
small business development center program into any
extension  service  established   with  assistance
provided under subsection (a) of this section. The
commissioner shall submit a report on his findings
and   recommendations  to   the   joint   standing
committee   of   the   General   Assembly   having
cognizance of matters  relating  to the Department
of Economic and  Community  Development  no  later
than January 15, 1994.]
    [(c)]  (b)  For   the  purposes  described  in
subsection [(d)] (c)  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] FOUR
million dollars.
    [(d)] (c) The  proceeds  of  the  sale of said
bonds, to the  extent  of  the  amount  stated  in
subsection (c) of  this  section, shall be used by
the  Commissioner  of   Economic   and   Community
Development for the  purposes of subsection (a) of
this section.
    [(e)] (d) 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.
    Sec. 3. Section  32-34 of the general statutes
is repealed and  the  following  is substituted in
lieu thereof:
    As used in  this  chapter AND SECTIONS 5 AND 6
OF THIS ACT,  the  following  terms shall have the
following  meanings  unless  the  context  clearly
indicates another meaning and intent:
    (1)     "Corporation"    means     Connecticut
Innovations, Incorporated as created under section
32-35;
    (2) "Entrepreneur" means  any person who seeks
to organize, operate  and  assume  the  risk for a
business enterprise, or  who  organizes,  operates
and assumes the risk for a business enterprise;
    (3) "Finance committee"  means  a committee or
subcommittee  organized  by  the  corporation  and
having   the  authority   to   approve   or   deny
applications for financial  aid  and to enter into
agreements on behalf of the corporation to provide
financial aid;
    (4)  "Financial aid"  means  the  infusion  of
[risk] capital [or  operating capital] to persons,
[for use in the research, development, application
and   exploitation   of   specific   technologies,
inventions and products  and for education related
to such technologies,  inventions and products] IN
ANY FORM WHATSOEVER,  including,  but  not limited
to,  grants, loans,  EQUITY,  LEASES,  GUARANTEES,
ROYALTY   ARRANGEMENTS,   OTHER    risk    capital
[investment]   and  other   types   of   financial
assistance;
    (5) "Incubator facilities"  means  a building,
structure   or  complex   designed,   constructed,
renovated  or  developed   to  house  and  provide
research  and  other   services  to  assist  small
technology-based companies;
    (6) "Invention" means  any new product without
regard to whether  a  patent  has been or could be
granted;
    (7) "Person" means  any individual, GENERAL OR
LIMITED    partnership,    corporation,    limited
liability   company,   institution    of    higher
education, governmental entity  or  joint  venture
conducting  research into  ideas  with  commercial
potential or carrying on business, or proposing to
carry on business,  within  the state which (A) in
the case of  an  individual,  GENERAL  OR  LIMITED
partnership,   corporation,   limited    liability
company  or joint  venture,  demonstrates  to  the
corporation   the   inability    (i)   to   obtain
conventional financing in  satisfactory amounts or
on  satisfactory  terms   or  (ii)  to  locate  or
continue   operations   in   the   state   without
assistance as provided  in  this  chapter, and (B)
demonstrates to the  corporation  that any project
for research into  or  the development of specific
technologies,  products,  devices,  techniques  or
procedures or the  marketing  of services based on
the use of  such  technologies, products, devices,
techniques  or  procedures  for  which  assistance
under this chapter, is sought, (i) will create new
or retain existing  jobs  in  the state, (ii) will
result in an  increase  in  the amount of goods or
services exported from  the state, (iii) will help
to strengthen the  economy  of  the state, or (iv)
will promote the  development  and  utilization of
technology in the state;
    (8) "Product" means  any  technology,  device,
technique, service or  process, which is or may be
exploitable  commercially;  such  term  shall  not
refer to pure  research  but shall be construed to
apply  to such  technologies,  products,  devices,
techniques,  services  or   processes  which  have
advanced  beyond  the   theoretic  stage  and  are
readily capable of being, or have been, reduced to
practice;
    (9)  "Research"  means   the   scientific  and
engineering analysis, investigation, collection of
ideas and inquiry  into  concepts,  processes  and
techniques, the purpose  of  which  is intended to
result in a commercially feasible product, process
or technique;
    (10) "Seed venture"  means a business or other
entity in the early stage of development;
    (11) "Technical peer review committee" means a
committee, subcommittee or  other entity organized
by the corporation  to  provide advice and counsel
concerning   the  technological,   marketing   and
management feasibility of  projects  in connection
with each application  for financial and technical
assistance;
    (12)  "Technology"  means  the  conversion  of
basic   scientific   research    into   processes,
techniques and products  which may have commercial
potential;
    (13)  "Advanced  technology  center"  means  a
cooperative research center  in  a specified field
of science and  technology established and funded,
subject to the  requirements  in  sections 32-40a,
32-40b and 32-40c, through an academic, industrial
and  governmental  partnership   for  purposes  of
technological research with  a direct relationship
to economic development in the state;
    (14) "Venture" means,  without limitation, any
contractual arrangement with  any  person  whereby
the  corporation obtains  rights  from  or  in  an
invention or product  or  proceeds  therefrom,  or
rights to obtain from any person any and all forms
of equity instruments  including,  but not limited
to, common and preferred stock, warrants, options,
convertible  debentures  and   similar   types  of
instruments   exercisable  or   convertible   into
capital stock, in  exchange  for  the  granting of
financial aid to such person;
    (15) "VENTURE LEASE"  MEANS  A  LEASE  BY  THE
CORPORATION TO A TECHNOLOGY COMPANY OF ANY REAL OR
PERSONAL PROPERTY, ON  SUCH TERMS, INCLUDING LEASE
PAYMENTS, LEASE TERM  AND PURCHASE OPTIONS, AS THE
CORPORATION SHALL DETERMINE;
    (16)  "AFFILIATE"  MEANS   ANY   PERSON   THAT
DIRECTLY  OR  INDIRECTLY   THROUGH   ONE  OR  MORE
INTERMEDIARIES, CONTROLS OR IS CONTROLLED BY OR IS
UNDER  COMMON  CONTROL   WITH,   ANOTHER   PERSON,
INCLUDING, BUT NOT  LIMITED  TO,  ANY CORPORATION,
GENERAL   OR  LIMITED   PARTNERSHIP   OR   LIMITED
LIABILITY   COMPANY   CONTROLLED,    DIRECTLY   OR
INDIRECTLY,   BY  SUCH   OTHER   PERSON   OR   THE
CORPORATION, PROVIDED, IN  ADDITION TO OTHER MEANS
OF  BEING  CONTROLLED,   A   GENERAL   OR  LIMITED
PARTNERSHIP OR LIMITED  LIABILITY COMPANY SHALL BE
DEEMED TO BE  CONTROLLED BY THE CORPORATION IF THE
CORPORATION OR ONE  OF  ITS  AFFILIATES  ACTS AS A
GENERAL PARTNER OR  A  MANAGER  OF SUCH GENERAL OR
LIMITED PARTNERSHIP OR LIMITED LIABILITY COMPANY;
    (17)  "CAPITAL  INITIATIVE"   MEANS  PROVIDING
FINANCIAL AID THROUGH  ONE  OR MORE AFFILIATES AND
RAISING THE CAPITAL  FOR SUCH AFFILIATES, IN WHOLE
OR IN PART, FROM SOURCES OTHER THAN THE STATE.
    Sec. 4. Section  32-39 of the general statutes
is repealed and  the  following  is substituted in
lieu thereof:
    The purposes of  the  corporation  shall be to
stimulate   and   encourage   the   research   and
development of new  technologies  and products, to
encourage  the  creation   and   transfer  of  new
technologies,  to assist  existing  businesses  in
adopting  current  and   innovative  technological
processes, to stimulate  and  provide  services to
industry  that  will   advance  the  adoption  and
utilization of technology, to achieve improvements
in  the  quality  of  products  and  services,  to
stimulate  and  encourage   the   development  and
operation of new  and  existing  science parks and
incubator  facilities,  and  to  promote  science,
engineering,  mathematics  and  other  disciplines
that  are  essential   to   the   development  and
application of technology  within  Connecticut  by
the  infusion  of   financial  aid  for  research,
invention and innovation  in  situations  in which
such  financial  aid   would   not   otherwise  be
reasonably  available  from  commercial  or  other
sources, and for  these  purposes  the corporation
shall have the following powers:
    (1) To have  perpetual  succession  as  a body
corporate  and  to   adopt  bylaws,  policies  and
procedures for the  regulation  of its affairs and
conduct of its  businesses  as provided in section
32-36;
    (2)  To enter  into  venture  agreements  with
persons, upon such terms and on such conditions as
are consistent with  the purposes of this chapter,
for  the advancement  of  financial  aid  to  such
persons   for  the   research,   development   and
application  of specific  technologies,  products,
procedures,  services  and   techniques,   to   be
developed  and produced  in  this  state,  and  to
condition   such   agreements   upon   contractual
assurances  that the  benefits  of  increasing  or
maintaining  employment  and  tax  revenues  shall
remain in this state and shall accrue to it;
    (3) To solicit, receive and accept aid, grants
or  contributions  from   any   source  of  money,
property or labor  or other things of value, to be
held, used and  applied  to carry out the purposes
of this chapter,  subject  to  the conditions upon
which such grants  and  contributions may be made,
including but not limited to, gifts or grants from
any department or  agency  of the United States or
the state;
    (4) With the  approval of the Secretary of the
Office of Policy  and  Management,  to  invest in,
acquire, lease, purchase,  own,  manage,  hold and
dispose of real property and lease, convey or deal
in or enter  into  agreements with respect to such
property on any  terms  necessary or incidental to
the  carrying out  of  these  purposes;  provided,
however,  that  all   such  acquisitions  of  real
property shall be  subject  to  the  provisions of
section 4b-23 AND  FURTHER  PROVIDED THE FOREGOING
REQUIREMENTS OF THIS  SUBDIVISION  SHALL NOT APPLY
TO AFFILIATES WHICH ACQUIRE, LEASE, PURCHASE, OWN,
MANAGE, HOLD OR DISPOSE OF REAL PROPERTY AND WHICH
AFFILIATES ENGAGE IN SUCH ACTIVITIES PRIMARILY FOR
USE BY OR FOR THE BENEFIT OF TECHNOLOGY COMPANIES;
    (5) To borrow  money  OR TO GUARANTEE A RETURN
TO THE INVESTORS  IN  OR  LENDERS  TO  ANY CAPITAL
INITIATIVE, to the  extent  permitted  under  this
chapter, AND SECTIONS 5 AND 6 OF THIS ACT;
    (6) To hold  patents,  copyrights, trademarks,
marketing rights, licenses, or any other evidences
of protection or exclusivity as to any products as
defined  herein, issued  under  the  laws  of  the
United States or any state or any nation;
    (7)  To employ  such  assistants,  agents  and
other employees as  may be necessary or desirable,
which  employees  shall   be   exempt   from   the
classified service and  shall not be employees, as
defined in subsection  (b)  of  section  5-270, AS
AMENDED; establish all  necessary  or  appropriate
personnel practices and  policies, including those
relating  to  hiring,   promotion,   compensation,
retirement and collective  bargaining,  which need
not be in  accordance  with  chapter  68,  and the
corporation shall not be an employer as defined in
subsection (a) of  section  5-270, AS AMENDED; and
engage consultants, attorneys  and  appraisers  as
may be necessary  or  desirable  to  carry out its
purposes in accordance with this chapter;
    (8) To make  and  enter into all contracts and
agreements   necessary  or   incidental   to   the
performance of its duties and the execution of its
powers under this chapter;
    (9)  To  sue   and   be  sued,  plead  and  be
impleaded, adopt a  seal  and  alter  the  same at
pleasure;
    (10) With the approval of the State Treasurer,
to invest any  funds  not needed for immediate use
or  disbursement,  including  any  funds  held  in
reserve, in obligations  issued  or  guaranteed by
the United States  of  America  or  the  state  of
Connecticut and in  other  obligations  which  are
legal investments for  retirement  funds  in  this
state;
    (11) To procure  insurance against any loss in
connection with its  property  and other assets in
such amounts and  from  such  insurers as it deems
desirable;
    (12)  To  the   extent   permitted  under  its
contract with other  persons,  to  consent  to any
termination,  modification, forgiveness  or  other
change  of any  term  of  any  contractual  right,
payment, royalty, contract  or  agreement  of  any
kind to which the corporation is a party;
    (13) To do  anything  necessary and convenient
to render the  bonds  to  be  issued under section
32-41 more marketable;
    (14) To acquire, lease, purchase, own, manage,
hold and dispose  of personal property, and lease,
convey or deal  in  or  enter into agreements with
respect to such property on any terms necessary or
incidental to the carrying out of these purposes;
    (15) In connection  with  any  application for
assistance  under  this  chapter,  or  commitments
therefor, to make  and  collect  such  fees as the
corporation shall determine to be reasonable;
    (16) To enter  into  venture  agreements  with
persons, upon such  terms  and  conditions  as are
consistent with the  purposes  of  this chapter to
provide financial aid  to  such  persons  for  the
marketing of new  and innovative services based on
the use of a specific technology, product, device,
technique, service or process;
    (17) To enter  into  limited  partnerships  or
other contractual arrangements  with  private  and
public sector entities  as  the  corporation deems
necessary to provide  financial aid which shall be
used to make  investments  of seed venture capital
in companies based  in  or relocating to the state
in a manner  which shall foster additional capital
investment, the establishment  of  new businesses,
the   creation  of   new   jobs   and   additional
commercially-oriented  research  and   development
activity.  The repayment  of  such  financial  aid
shall  be  structured   in   such  manner  as  the
corporation  deems  will  best  encourage  private
sector participation in  such limited partnerships
or other arrangements.  The  board  of  directors,
executive  director, officers  and  staff  of  the
corporation may serve  as  members of any advisory
or other board  which  may be established to carry
out the purposes of this subdivision;
    (18) To account  for  and  audit  funds of the
corporation  and  funds   of   any  recipients  of
financial aid from the corporation;
    (19)  To  advise  the  Governor,  the  General
Assembly,  the  Commissioner   of   Economic   and
Community  Development  and  the  Commissioner  of
Higher Education on  matters  relating to science,
engineering  and  technology  which  may  have  an
impact on state  policies, programs, employers and
residents, and on job creation and retention;
    (20) To promote  technology-based  development
in the state;
    (21)   To   encourage    and    promote    the
establishment of and,  within available resources,
to provide financial  aid  to  advanced technology
centers;
    (22) To maintain  an  inventory  of  data  and
information concerning state  and federal programs
which are related  to the purposes of this chapter
and  to serve  as  a  clearinghouse  and  referral
service for such data and information;
    (23) To conduct  and  encourage  research  and
studies relating to technological development;
    (24) To provide  technical or other assistance
and,  within  available   resources,   to  provide
financial  aid  to   the  Connecticut  Academy  of
Science and Engineering, Incorporated, in order to
further the purposes of this chapter;
    (25) To recommend  a  science  and  technology
agenda  for  the   state  that  will  promote  the
formation of public  and  private partnerships for
the purpose of  stimulating research, new business
formation and growth and job creation;
    (26)  To  encourage   and   provide  technical
assistance  and, within  available  resources,  to
provide financial aid  to  existing  manufacturers
and other businesses  in  the  process of adopting
innovative  technology  and  new  state-of-the-art
processes and techniques;
    (27)   To   recommend    state    goals    for
technological   development   and   to   establish
policies  and  strategies   for   developing   and
assisting  technology-based  companies   and   for
attracting such companies to the state;
    (28)  To promote  and  encourage  and,  within
available resources, to  provide financial aid for
the establishment, maintenance  and  operation  of
incubator facilities;
    (29) To promote and encourage the coordination
of public and  private  resources  and  activities
within   the   state    in    order    to   assist
technology-based   entrepreneurs   and    business
enterprises;
    (30) To provide services to industry that will
stimulate and advance the adoption and utilization
of  technology and  achieve  improvements  in  the
quality of products and services;
    (31)   To   promote    science,   engineering,
mathematics  and  other   disciplines   that   are
essential to the  development  and  application of
technology;
    (32) To coordinate  its  efforts with existing
business outreach centers, as described in section
32-9qq;
    (33) To do  all  acts and things necessary and
convenient  to carry  out  the  purposes  of  this
chapter;
    (34)  To  accept   from  the  department:  (A)
Financial assistance, (B) revenues or the right to
receive revenues with respect to any program under
the supervision of  the  department,  and (C) loan
assets or equity  interests in connection with any
program under the  supervision  of the department;
to make advances  to  and reimburse the department
for any expenses  incurred or to be incurred by it
in  the delivery  of  such  assistance,  revenues,
rights,  assets,  or   interests;  to  enter  into
agreements for the  delivery  of  services  by the
corporation, in consultation  with the department,
the Connecticut Housing  Finance Authority and the
Connecticut   Development  Authority,   to   third
parties which agreements  may  include  provisions
for payment by  the  department to the corporation
for the delivery  of  such  services; and to enter
into agreements with  the  department  or with the
Connecticut Development Authority  or  Connecticut
Housing  Finance  Authority  for  the  sharing  of
assistants,   agents   and    other   consultants,
professionals and employees,  and  facilities  and
other  real and  personal  property  used  in  the
conduct of the corporation's affairs;
    (35)  To  transfer   to  the  department:  (A)
Financial assistance, (B) revenues or the right to
receive revenues with respect to any program under
the supervision of  the  corporation, and (C) loan
assets or equity  interests in connection with any
program under the  supervision of the corporation,
provided   the   transfer    of   such   financial
assistance, revenues, rights,  assets or interests
is   determined   by   the   corporation   to   be
practicable,  within  the   constraints   and  not
inconsistent with the fiduciary obligations of the
corporation imposed upon  or  established upon the
corporation  by  any   provision  of  the  general
statutes, the corporation's  bond  resolutions  or
any other agreement or contract of the corporation
and to have  no  adverse  effect on the tax-exempt
status of any bonds of the state;
    (36) WITH RESPECT  TO  ANY CAPITAL INITIATIVE,
TO CREATE, WITH  ONE  OR MORE PERSONS, ONE OR MORE
AFFILIATES AND TO PROVIDE, DIRECTLY OR INDIRECTLY,
FOR  THE  CONTRIBUTION  OF  CAPITAL  TO  ANY  SUCH
AFFILIATE,  EACH SUCH  AFFILIATE  BEING  EXPRESSLY
AUTHORIZED TO EXERCISE  ON  SUCH  AFFILIATE'S  OWN
BEHALF  ALL  POWERS   WHICH  THE  CORPORATION  MAY
EXERCISE UNDER THIS  SECTION,  IN ADDITION TO SUCH
OTHER POWERS PROVIDED TO IT BY LAW;
    (37)  TO  PROVIDE   FINANCIAL  AID  TO  ENABLE
BIOTECHNOLOGY AND OTHER  TECHNOLOGY  COMPANIES  TO
LEASE,  ACQUIRE,  CONSTRUCT,   MAINTAIN,   REPAIR,
REPLACE   OR   OTHERWISE   OBTAIN   AND   MAINTAIN
PRODUCTION,   TESTING,   RESEARCH,    DEVELOPMENT,
MANUFACTURING, LABORATORY AND  RELATED  AND  OTHER
FACILITIES, IMPROVEMENTS AND EQUIPMENT.
    Sec.  5.  (NEW)   (a)   With  respect  to  any
affiliate created pursuant to section 32-39 of the
general  statutes,  as   amended   by   this  act,
liability shall be  limited  solely  to the assets
and  revenues  or  other  resources  of  any  such
affiliate  and  without   recourse   liability  to
Connecticut Innovations, Incorporated,  its  other
funds or any  other  assets  of  the  corporation,
except  to  the  extent  of  any  express  written
guarantees by the  corporation  or any investments
made or committed to by the corporation.
    (b) The provisions of sections 32-47 and 1-125
of  the  general   statutes  shall  apply  to  any
officer, director, designee or employee serving at
the  request  of  the  corporation  as  a  member,
director  or  officer   or  advisor  of  any  such
affiliate. Any such  person so appointed shall not
be personally liable for the debts, obligations or
liabilities of any  such  affiliate as provided in
said section 1-125.  Any  affiliate  shall and the
corporation  may provide  the  indemnification  to
protect, save harmless and indemnify such officer,
director, designee or employee as provided in said
section 1-125.
    Sec. 6. (NEW) Guarantees issued by Connecticut
Innovations,   Incorporated,   and    all   equity
instruments and obligations,  any of which include
a guarantee of a return of capital or principal by
the corporation, under  the  provisions of chapter
581 of the  general  statutes,  as amended by this
act, this section  and  section 5 of this act, are
hereby  made  securities   in   which  all  public
officers and public  bodies  of  the state and its
political subdivisions, all  insurance  companies,
state banks and  trust companies, national banking
associations,  savings  banks,  savings  and  loan
associations,  investment  companies,   executors,
administrators, trustees and other fiduciaries may
properly  and  legally   invest  funds,  including
capital in their  control  or  belonging  to them.
Such instruments and  obligations  are hereby made
securities  which  may  properly  and  legally  be
deposited  with  and  received  by  any  state  or
municipal  officer  or  any  agency  or  political
subdivision of the state for any purpose for which
the deposit of  bonds  or obligations of the state
is now or may hereafter be authorized by law.
    Sec. 7. Subsection (c) of section 32-70 of the
general statutes, as  amended  by  section  98  of
public act 97-2 of the June 18 special session, is
repealed and the  following is substituted in lieu
thereof:
    (c) (1) On  or  before September 30, 1993, the
Commissioner of Economic and Community Development
shall approve the  designation  of  ten  areas  as
enterprise zones, not  more  than  four  of  which
shall  be  in  municipalities  with  a  population
greater than eighty thousand and not more than six
of  which  shall   be  in  municipalities  with  a
population of less  than  eighty thousand. (2) (A)
On or after  October  1,  1993,  the  commissioner
shall approve the  designation  of  two  areas  as
enterprise zones. Each  such  area  shall  be in a
municipality with a population of less than eighty
thousand, in which  there  are one or more base or
plant closures. Such  municipalities  shall  be in
different counties. If  the  commissioner approves
the designation of an area of a municipality as an
enterprise zone because  of a plant closure in the
municipality and there  is  a  closure  of another
plant in any  other  municipality  in the state by
the same business,  the  commissioner  shall  also
designate an area in such other municipality as an
enterprise  zone.  If  any  such  designated  area
includes a portion  of a census tract in which any
such base or  plant  is located, the census tracts
in such area  shall  not  be  required to meet the
eligibility criteria set  forth  under  subsection
(a)   of  this   section   for   enterprise   zone
designation. If any such area is located elsewhere
in the municipality,  the  census  tracts  in such
area shall meet such eligibility criteria. As used
in this subparagraph,  (i) "base" means any United
States or state  of  Connecticut  military base or
facility located in  whole  or  in part within the
state; (ii) "plant"  means  any  manufacturing  or
economic base business,  as  defined in subsection
[(k)] (l) of  section  32-222; and (iii) "closure"
means  any  reduction   or  transfer  in  military
personnel or civilian  employment  at  one or more
bases or plants  in a municipality, which occurred
between July 1,  1989,  and  July  1,  1993, or is
scheduled to occur  between July 1, 1993, and July
1, 1996, and  exceeds  two  thousand persons. Such
employment figures shall be certified by the Labor
Department. (B) On  or  after October 1, 1993, the
commissioner  shall  approve  the  designation  of
three other areas  as  enterprise  zones,  one  of
which shall be in a municipality with a population
greater than eighty  thousand  and  two  of  which
shall be in  municipalities  with  a population of
less than eighty  thousand.  The  census tracts in
such areas shall meet the eligibility criteria set
forth under subsection  (a)  of  this  section for
enterprise  zone  designation.   The  commissioner
shall approve the  designation of enterprise zones
under this subparagraph  for  those municipalities
which  he  determines   to  have  experienced  the
largest increases in poverty from October 1, 1989,
to October 1, 1993, inclusive, based on a weighted
average of the  unemployment  rate, caseload under
the temporary family  assistance  program  and per
capita income of  less than ninety per cent of the
state average between 1985 and 1989. In making his
determination, the commissioner  may also consider
the vacancy rates  for  commercial  and industrial
facilities in a  municipality and a municipality's
program for the  implementation  of  an  effective
enterprise   zone   program.    To    the   extent
appropriate,  the  commissioner   shall   use  the
Regional Economic Models,  Inc.  (REMI)  system in
making the calculations  for  such  determination.
(C) Notwithstanding the  provisions  of subsection
(a) of this  section, municipalities that were not
distressed municipalities under  the provisions of
subsection (b) of  section  32-9p  on  February 1,
1986, shall be  eligible  to  designate  areas  as
enterprise zones under  subparagraph (A) or (B) of
this subdivision. (3)  The  commissioner shall not
approve  the  designation   of   more   than   one
enterprise   zone   in   any   municipality.   The
commissioner shall adopt regulations in accordance
with  chapter  54   concerning   such   additional
qualifications for an area to become an enterprise
zone as he  deems  necessary. The commissioner may
remove the designation of any area he has approved
as an enterprise zone if such area no longer meets
the criteria for  designation  as such an area set
forth in this  section  or  in regulations adopted
pursuant  to  this   section,   provided  no  such
designation shall be  removed  less than ten years
from the original  date  of approval of such zone.
The commissioner may designate any additional area
as an enterprise  zone  if that area is designated
as  an  enterprise   zone,   empowerment  zone  or
enterprise  community  pursuant   to  any  federal
legislation.
    Sec.  8.  Section   32-23tt   of  the  general
statutes  is  repealed   and   the   following  is
substituted in lieu thereof:
    As used in  section 32-23ll, this section, and
sections 32-23uu, 32-23vv and 32-235:
    (1)   "Authority"   means    the   Connecticut
Development   Authority  established   under   the
provisions of this chapter.
    (2) "Educational upgrades"  means (A) programs
designed  to  increase   the   basic   skills   of
production workers including,  but  not limited to
training,  in  written   and  oral  communication,
mathematics  or  science,   or   (B)  training  in
innovative   production  methods   and   workplace
oriented computer technical skills.
    (3)  "Financial  assistance"   means   grants,
loans, loan guarantees  or interest rate subsidies
or any combination thereof.
    (4) "Manufacturing or  economic base business"
means a business  defined  under  subsection [(k)]
(l) of section 32-222.
    (5) "Production worker" means an employee of a
manufacturer whose principal  duties  are  located
within the state,  and  consist of the assembly or
construction of the  manufacturer's  product  or a
portion thereof.
    Sec. 9. Section  32-41 of the general statutes
is repealed and  the  following  is substituted in
lieu thereof:
    The State Bond  Commission shall have power in
accordance with the  provisions of section 3-20 to
authorize the issuance  of  bonds  of the state in
one or more  series  and  in principal amounts not
exceeding   in   the    aggregate    [fifty-eight]
FORTY-EIGHT  million two  hundred  fifty  thousand
dollars to carry  out  the  purposes  of  sections
32-32  to  32-41,   inclusive.  [,  provided  five
million dollars of  said  authorization  shall  be
effective  July  1,   1996.]   The  principal  and
interest of said  bonds  shall  be payable at such
place or places  as may be determined by the State
Treasurer  and shall  bear  such  date  or  dates,
mature at such  time  or  times,  bear interest at
such  rate  or  different  or  varying  rates,  be
payable  at  such   time  or  times,  be  in  such
denominations, be in  such  form  with  or without
interest coupons attached, carry such registration
and transfer privileges, be payable in such medium
of  payment  and  be  subject  to  such  terms  of
redemption   with   or    without    premium   as,
irrespective of the  provisions  of  said  section
3-20, may be  provided by the authorization of the
State  Bond  Commission  or  fixed  in  accordance
therewith. The proceeds of the sale of such bonds,
after deducting therefrom all expenses of issuance
and  sale,  shall   be  paid  to  the  Connecticut
Innovations,  Incorporated  Fund   created   under
section 32-41a. When the State Bond Commission has
acted to issue  such  bonds  or a portion thereof,
the  Treasurer may,  pending  the  issue  of  such
bonds, issue, in  the name of the state, temporary
notes in anticipation  of the money to be received
from the sale  of such bonds. In issuing the bonds
authorized hereunder, the  State  Bond  Commission
may  require  repayment   of  such  bonds  by  the
corporation  as shall  seem  desirable  consistent
with the purposes  of  sections  32-32  to  32-41,
inclusive. Such terms  for repayment may include a
forgiveness  of  interest,   a   holiday   in  the
repayment of interest or principal or both.
    Sec.  10.  Section   32-41b   of  the  general
statutes, as amended  by  section 17 of public act
97-1 of the  June  5  special session, is repealed
and the following is substituted in lieu thereof:
    The State Bond  Commission shall have power in
accordance with the  provisions of section 3-20 to
authorize the issuance  of  bonds  of the state in
one or more  series  and  in principal amounts not
exceeding in the  aggregate  [fifty-one] SIXTY-ONE
million  four  hundred   forty-five  thousand  six
hundred dollars, [provided five million dollars of
said  authorization shall  be  effective  July  1,
1996,] to carry  out  the purposes of this section
as follows: (1)  Loans  for  the  development  and
marketing of products in the high technology field
within  the  state,   not  exceeding  [forty-four]
THIRTY-FOUR  million  dollars;  [,  provided  five
million dollars of  said  authorization  shall  be
effective July 1, 1996;] (2) royalty financing for
start-up costs and  product  development  costs of
high technology products  and  procedures  in  the
state, not exceeding  seven  million  four hundred
forty-five thousand six  hundred  dollars; AND (3)
FINANCIAL AID FOR  BIOTECHNOLOGY  AND  OTHER  HIGH
TECHNOLOGY LABORATORIES, FACILITIES AND EQUIPMENT,
NOT EXCEEDING TWENTY  MILLION  DOLLARS.  Any loans
originated under subdivision  (1)  of this section
shall bear interest  at a rate to be determined in
accordance with subsection  (t)  of  said  section
3-20. The principal  and  interest  of  said bonds
shall be payable at such place or places as may be
determined by the  State  Treasurer and shall bear
such date or  dates, mature at such time or times,
bear interest at such rate or different or varying
rates, be payable  at  such  time  or times, be in
such  denominations,  be  in  such  form  with  or
without  interest  coupons  attached,  carry  such
registration and transfer  privileges,  be payable
in such medium  of  payment and be subject to such
terms of redemption  with  or  without premium as,
irrespective of the  provisions  of  said  section
3-20, may be  provided by the authorization of the
State  Bond  Commission  or  fixed  in  accordance
therewith. The proceeds of the sale of said bonds,
after deducting therefrom all expenses of issuance
and  sale,  shall   be  paid  to  the  Connecticut
Innovations,  Incorporated  Fund   created   under
section 32-41a. When the State Bond Commission has
acted to issue  such  bonds  or a portion thereof,
the  Treasurer may,  pending  the  issue  of  such
bonds, issue, in  the name of the state, temporary
notes in anticipation  of the money to be received
from the sale  of such bonds. In issuing the bonds
authorized hereunder, the  State  Bond  Commission
may  require  repayment   of  such  bonds  by  the
corporation  as shall  seem  desirable  consistent
with the purposes  of  this  section  and  section
32-41a. Such terms  for  repayment  may  include a
forgiveness  of  interest,   a   holiday   in  the
repayment of interest or principal or both.
    Sec.  11.  Section   32-182   of  the  general
statutes  is  repealed   and   the   following  is
substituted in lieu thereof:
    The  Department  of   Economic  and  Community
Development may provide  the  necessary  personnel
and resources AS  PROVIDED IN THIS SECTION to help
the commission perform  its  tasks  in  accordance
with  the  provisions  of  this  chapter.  If  the
commission  receives  monetary   contributions  or
contributions of in-kind  resources  from  private
agencies  during  any   state   fiscal  year,  the
department      [shall,      within      available
appropriations, provide an equal amount of in-kind
resources,  up to  a  value  of  seventy  thousand
dollars,  to  the   commission   to   match   such
contributions] SHALL ALLOCATE  AN  AMOUNT OF MONEY
TO THE COMMISSION  EQUAL TO ONE-THIRD OF THE TOTAL
VALUE  OF ALL  SUCH  CONTRIBUTIONS  AND  RESOURCES
PROVIDED SUCH ALLOCATION  DOES  NOT EXCEED SEVENTY
THOUSAND DOLLARS IN  ANY  STATE  FISCAL  YEAR.  IN
ADDITION, THE DEPARTMENT  MAY  CONTINUE TO PROVIDE
THE IN-KIND RESOURCES  TO  THE COMMISSION WHICH IT
IS  PROVIDING  ON   THE  EFFECTIVE  DATE  OF  THIS
SECTION. Any such  contributions,  ALLOCATIONS and
resources  shall be  used  by  the  commission  to
establish an office  to develop strategic business
relationships  between  Connecticut   and  Israeli
businesses.
    Sec.   12.  (a)   There   is   established   a
Twenty-First Century Action Plan Commission.
    (b) The commission shall consist of twenty-two
members, appointed as follows:
    (1) Four by  the  president pro tempore of the
Senate, one of  whom  shall  be  a  member  of the
General  Assembly, one  of  whom  shall  represent
business and industry, one of whom shall represent
academics and the  arts  and  one  of  whom  shall
represent organized labor;
    (2)  Four by  the  speaker  of  the  House  of
Representatives, one of  whom shall be a member of
the General Assembly,  one of whom shall represent
academics and the  arts,  one  of  whom shall be a
concerned citizen having  substantial  interest in
the future and experience in futurism or community
service and one  of whom shall represent organized
labor;
    (3)  Three  by  the  majority  leader  of  the
Senate, one of  whom  shall  be  a  member  of the
General  Assembly, one  of  whom  shall  represent
business and industry  and  one of whom shall be a
concerned citizen having  substantial  interest in
the future and experience in futurism or community
service;
    (4) Three by  the majority leader of the House
of Representatives, one  of whom shall be a member
of  the  General   Assembly,  one  of  whom  shall
represent business and  industry  and  one of whom
shall represent academics and the arts;
    (5) Two by  the minority leader of the Senate,
one of whom  shall  be  a  member  of  the General
Assembly and one of whom shall represent academics
and the arts;
    (6) Two by the minority leader of the House of
Representatives, one of  whom shall be a member of
the General Assembly  and  one  of whom shall be a
concerned citizen having  substantial  interest in
the future and experience in futurism or community
service; and
    (7) Four members  appointed  by  the Governor,
two of whom  shall  represent the executive branch
of state government,  one  of whom shall represent
business and industry  and  one of whom shall be a
concerned citizen having  substantial  interest in
the future and experience in futurism or community
service.
    (c) The commission  shall  elect a chairperson
and a vice-chairperson from among its members. Any
person absent from  (1) three consecutive meetings
of the commission,  or  (2) fifty per cent of such
meetings during any  calendar year shall be deemed
to have resigned  from  the  commission, effective
immediately. Vacancies on  the commission shall be
filled by the appointing authority. Members of the
commission shall serve  without  compensation  but
shall, within the  limits  of  available funds, be
reimbursed for expenses  necessarily  incurred  in
the performance of  their  duties.  The commission
shall meet as  often  as  deemed  necessary by the
chairperson or a majority of the commission.
    (d) The commission  shall  study the long-term
requirements for, and  potential of, Connecticut's
growth and prosperity in order to make the state a
world  leader  in   both   quality   of  life  and
establishing the tools, technology and trends that
will make the world a better place to live.
    (e)  (1)  The   commission   shall  prepare  a
long-range plan on  twenty-first  century  options
and priorities for the state. The plan shall focus
primarily on the following major areas:
    (A) Transportation and infrastructure;
    (B) Energy;
    (C) Education;
    (D) Communication;
    (E) Business, industry and technology;
    (F) Recreation, culture and the arts; and
    (G) Housing, health care and urban affairs.
    (2)  The  plan   shall   include  options  and
priorities in each  such  area  during each of the
following timeframes:
    (A) Nearest future: 2005-2020;
    (B) Mid-future: 2020-2040; and
    (C) Far future: Beyond 2040.
    (3)  Not later  than  February  1,  2000,  the
commission shall submit  such  plan to the General
Assembly, in accordance  with  the  provisions  of
section 11-4a of the general statutes.
    (f)   The  commission   shall   also   educate
government and the  public  as  to the concept and
methodologies   of   longer-term    thinking   and
planning.
    (g) The commission  may  use such funds as may
be available from  federal, state or other sources
and may enter  into  contracts  to  carry  out the
purposes of this section.
    (h) The commission shall terminate on the date
that it submits  such  report or February 1, 2000,
whichever is earlier.
    Sec. 13. This  act  shall take effect from its
passage, except that  section 11 shall take effect
July 1, 1998.

Approved June 8, 1998