Connecticut § 15-31o Prohibition on payment of success fees.

Connecticut Statutes

§ 15-31o — Prohibition on payment of success fees.

Connecticut § 15-31o

Title 15Navigation and Aeronautics

Ch. 264aConnecticut Port Authority

This text of Connecticut § 15-31o (Prohibition on payment of success fees.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 15-31o (2026).

Text

(a)As used in this section, “success fee” means a commission that is (1) paid by the Connecticut Port Authority to a person or business entity for such person's or business entity's role in facilitating the finalization of a transaction, (2) not paid if such transaction is not finalized, and (3) separate from any payment for services performed.

(b)No contract or other agreement entered into, amended or extended on or after July 1, 2023, by the Connecticut Port Authority which is financed in whole or in part by the state, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees, may include a provision in such contract or other agreement for the payment of a success fee to any person or business entity.

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(a) As used in this section, “success fee” means a commission that is (1) paid by the Connecticut Port Authority to a person or business entity for such person's or business entity's role in facilitating the finalization of a transaction, (2) not paid if such transaction is not finalized, and (3) separate from any payment for services performed. (b) No contract or other agreement entered into, amended or extended on or after July 1, 2023, by the Connecticut Port Authority which is financed in whole or in part by the state, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees, may include a provision in such contract or other agreement for the payment of a success fee to any person or business entity.