Connecticut § 32-270 Selection of regional corporations.

Connecticut Statutes

§ 32-270 — Selection of regional corporations.

Connecticut·Title 32 Commerce and Economic and Community Development·Ch. 588n Credit, Jobs, Capital Investment and Tax Incremental Financing Programs

The corporation shall select, from among eligible applicants, regional corporations on the basis of:

(1)The ability of the regional corporation to administer a regional revolving loan fund authorized under sections 32-271 to 32-284 , inclusive, or to enter into participating agreements with small business lending corporations;

(2)The extent of coordination with other publicly supported financial assistance programs available within the region represented by the regional corporation;

(3)The degree of public and private support within the region for the applicant regional corporation; and (4) The ability of the regional corporation to provide financial and other assistance to businesses located in distressed areas within the region.

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The corporation shall select, from among eligible applicants, regional corporations on the basis of: (1) The ability of the regional corporation to administer a regional revolving loan fund authorized under sections 32-271 to 32-284 , inclusive, or to enter into participating agreements with small business lending corporations; (2) The extent of coordination with other publicly supported financial assistance programs available within the region represented by the regional corporation; (3) The degree of public and private support within the region for the applicant regional corporation; and (4) The ability of the regional corporation to provide financial and other assistance to businesses located in distressed areas within the region.

Connecticut § 32-270 (Selection of regional corporations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 92-236, S. 11, 48; June 12 Sp. Sess. P.A. 12-1, S. 152.) History: Pursuant to June 12 Sp. Sess. P.A. 12-1, “authority” was changed editorially by the Revisors to “corporation”, effective July 1, 2012.