PA 14-85—HB 5518
AN ACT CONCERNING THE LIABILITIES OF APPLICANTS FOR STATE FINANCIAL ASSISTANCE
SUMMARY: This act requires the Department of Economic and Community Development and Connecticut Innovations, Inc. , when determining whether to grant economic development financial assistance, to consider if the applicant or any of the applicant's principals (1) is being sued in civil court for a debt or (2) owes any unpaid taxes to the state or a municipality. “Economic development financial assistance” means any grant, loan, loan guarantee, or urban and industrial sites reinvestment tax credits provided to a business for economic development purposes.
EFFECTIVE DATE: October 1, 2014
OLR Tracking: HP: DC: JKL: ro