Connecticut Disclosure Regimes
| State | Year of Disclosure Law | Specific Subsidy Program Affected by Law (*Means Update to Earlier Law) |
Disclosure Law | State Statute | Excerpt | Subsidies in Sample? (Y/N) | Internal Disclosure? (Y/N) | External Disclosure? (Y/N) |
|---|---|---|---|---|---|---|---|---|
| Connecticut | 2021 | Community Investment Fund 2030 projects | 2021 Ct. HB 6690 | Sec. 112. (NEW) (Effective from passage) (a) As used in this section: (1) “Administrative costs” means the costs paid or incurred by the administrator of the Community Investment Fund 2030 Board established under subsection (b) of this section, including, but not limited to, allocated staff costs and other out-of-pocket costs attributable to the administration and operation of the board; (2) “Administrator” means the Commissioner of Economic and Community Development, or the commissioner’s designee; (3) “Eligible project” means: (A) (i) A project proposed by a municipality, community development corporation or nonprofit organization, for the purpose of promoting economic or community development in the municipality or a municipality served by such corporation or organization, such as brownfield remediation, affordable housing, establishment of or improvements to water and sewer infrastructure to support smaller scale economic development, pedestrian safety and traffic calming improvements, establishment of or improvements to energy resiliency or clean energy projects and land acquisition and capital projects to construct, rehabilitate or renovate buildings and structures to facilitate or improve home rehabilitation programs and facilities such as libraries and senior centers; or (ii) A grant-in-aid proposed by a municipality, community development corporation or nonprofit organization for the purpose of providing (I) a revolving loan program, microloans or gap financing, to small businesses located within such municipality or a municipality served by such corporation or organization, or (II) start-up funds to establish a small business in any such municipality; and (B) Such project or grant-in-aid furthers consistent and systematic fair, just and impartial treatment of all individuals, including individuals who belong to underserved and marginalized communities that have been denied such treatment, such as Black, Latino and indigenous and Native American persons; Asian Americans and Pacific Islanders and other persons of color; members of religious minorities; lesbian, gay, bisexual, transgender and queer persons and other persons comprising the LGBTQ+ community; persons who live in rural areas; and persons otherwise adversely affected by persistent poverty or inequality; and (4) “Municipality” means a municipality designated as a public investment community pursuant to section 7-545 of the general statutes or as an alliance district pursuant to section 10-262u of the general statutes. [...] (c) (1) The Community Investment Fund 2030 Board shall establish an application and review process with guidelines and terms for funds provided from the bond proceeds under subsection (e) of this section for eligible projects. Such funds shall be used for costs related to an eligible project recommended by the board and approved by the Governor pursuant to this subsection and to pay or to reimburse the administrator for administrative costs under this section. [...] (6) Not later than August 31, 2023, the board shall submit a report, in accordance with the provisions of section 11-4a of the general statutes, to the General Assembly, the Black and Puerto Rican caucus of the General Assembly, the Auditors of Public Accounts and the Governor, for the preceding fiscal year, that includes (A) a list of the eligible projects recommended by the board and approved by the Governor pursuant to this section, (B) the total amount of funds provided for such eligible projects, (C) for each such eligible project, a description of the project and the amounts and terms of the funds provided, (D) the status of the project and any balance remaining of the allocated funds, and (E) any other information the board deems relevant or necessary. The board shall submit such report annually for each fiscal year in which the funds specified in subparagraph (A) of subdivision (3) of this subsection are disbursed for eligible projects. (7) The Auditors of Public Accounts shall audit, on a biennial basis, all eligible projects funded under this section and shall report their findings to the Governor, the Secretary of the Office of Policy and Management and the General Assembly. |
N | N | Y | |
| Connecticut | 2021 | Public-private partnerships | 2021 Ct. SB 920 | Sec. 3. (NEW) (Effective from passage) (a) As used in this section, “development and inspection services” has the same meaning as described in subsection (a) of section 13a-95c of the general statutes. (b) For any public-private partnership, the Commissioner of Transportation shall make best efforts to perform development and inspection services using, where such employees are available, department employees and reducing, and where possible eliminating, the dependency on consultants. Any contract the department enters into with a consultant to perform development and inspection services with regards to a public-private partnership shall contain a provision that provides for training department employees in the process for bidding and managing public-private partnerships. Employees may be appointed to durational positions to reduce the need for development and inspection services to be performed by consultants. Such employees may be appointed as engineers to durational positions without examination provided such employees have met the education, knowledge and training requirements required by the Department of Administrative Services job classification. (c) Not later than February first of each year following the establishment of a public-private partnership, and annually thereafter, the department, in consultation with representatives selected by the exclusive bargaining agents of the department’s employees, shall submit a report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to transportation that analyzes the progress of any public-private partnerships and the performance of development and inspection services by any consultant. If the report finds that a consultant is unable to complete such services within the timeframe or amount budgeted as stated in the agreement with the consultant, the department may terminate the agreement and exercise any other rights and remedies that may be available to it at law or in equity. (d) Not later than six months after the completion of any public-private partnership, the department, in consultation with representatives selected by the exclusive bargaining agents of the department’s employees, shall submit a report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to transportation that evaluates the effectiveness of the public-private partnership and makes recommendations regarding the continued use of public-private partnerships. |
N | N | Y | |
| Connecticut | 2021 | Regional economic development matching program | 2021 Ct. SB 1020 | Section 1. (NEW) (Effective July 1, 2021) (a) The Department of Economic and Community Development shall establish, within available resources, a regional economic development matching grant pilot program for the purpose of providing matching funds to regional economic development corporations for the implementation of economic development programs in distressed municipalities. Such pilot program shall be available to any regional development corporation representing not less than four municipalities, one of which shall be a distressed municipality, as defined in section 32-9p of the general statutes. The Commissioner of Economic and Community Development may, in his or her discretion, allow a regional economic development corporation that represents less than four municipalities, one of which shall be a distressed municipality, to participate in the program. The department may enter into an agreement, pursuant to chapter 55a of the general statutes, with a person, firm, corporation or other entity to operate such program. [...] (e) Not later than two years after the receipt of any financial aid pursuant to this section, and annually thereafter, each regional economic development corporation participating in the pilot program shall submit a report to the Department of Economic and Community Development detailing the progress of the economic development program proposed in such corporation’s application and containing any additional information deemed necessary by the Commissioner of Economic and Community Development. (f) Not later than January 15, 2022, and annually thereafter, the Commissioner of Economic and Community Development shall submit a report, in accordance with the provisions of section 11-4a of the general statutes, containing an evaluation of the operation and effectiveness of the pilot program to the joint standing committee of the General Assembly having cognizance of matters relating to commerce. |
N | N | Y | |
| Connecticut | 2018 | State bonds | 2018 Ct. HB 5590 | Sec. 3-21. | (2) (A) Not later than January 1, 2018, and January first annually thereafter, the Treasurer shall provide the Governor with a list of allocated but unissued bonds. The Governor shall post such list on the Internet web site of the office of the Governor. |
N | Y | N |
| Connecticut | 2017 | 2017 Ct. SB 966; 2017 Ct. HB 7316 | Section 32-1m | § 32-1m. [...] (2) An analysis of the economic development portfolio of the department, including, but not limited to, each business assistance or incentive program, including any business tax credit or abatement program, grant, loan, forgivable loan or other form of assistance, enacted for the purpose of improving economic development. The analysis shall include: (A) The Internet web site address of the state’s open data portal and an indication of where the name, address and location of each recipient of the department’s assistance is published on the site along with the following information concerning each recipient: (i) Business activities, (ii) standard industrial classification codes or North American industrial classification codes, (iii) whether the recipient is a minority or woman-owned business, (iv) a summary of the terms and conditions for the assistance, including the type and amount of state financial assistance and job creation or retention requirements, (v) the amount of investments from private and other nonstate sources that have been leveraged by the assistance, and (vi) the amount of state investment; |
N | Y | Y | |
| Connecticut | 2017 | General Economic Development | 2017 Ct. SB 966 | Conn. Gen. Stat. § 32-4l | Section 1. Subsection (d) of section Conn. Gen. Stat. § 32-4l of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2017): (d) On or before September 1, 2013, January 1, 2014, September 1, 2014, January 1, 2015, September 1, 2015, January 1, 2016, September 1, 2016, January 1, 2017, September 1, 2017, January 1, 2018, September 1, 2018, January 1, 2019, and September 1, 2019, the Commissioner of Economic and Community Development shall report in accordance with the provisions of section 11-4a to the joint standing committees of the General Assembly having cognizance of matters relating to commerce and finance, revenue and bonding on (1) the projects funded through the first five plus program, (2) the number of jobs created, (3) the net rate of return to the state for the entire portfolio of the program, taking into account all loans that have been forgiven and all tax credits that have been allowed in accordance with this section, (4) the impact on the economy of this state, and (5) based on such information, recommendations for any modifications to the program, including, but not limited to, whether the program should continue. Not later than February 1, 2019, said joint standing committees shall convene a joint public hearing on the most recent report submitted by the commissioner pursuant to this section. Sec. 4. Section Conn. Gen. Stat. § 32-1m of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage): (a) Not later than February first, annually, the Commissioner of Economic and Community Development shall submit a report to the Governor, the Auditors of Public Accounts and the joint standing committees of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies, finance, revenue and bonding and commerce, in accordance with the provisions of section 11-4a. Not later than thirty days after submission of the report, said commissioner shall post the report on the Department of Economic and Community Development’s web site. Said Such report shall include, but not be limited to, the following information with regard to the activities of the Department of Economic and Community Development and to business assistance or incentive programs not administered by the department, during the preceding state fiscal year: (1) A brief description and assessment of the state’s economy during such year, utilizing the most recent and reasonably available data, and including: (A) Connecticut employment by industry; (B) Connecticut and national average unemployment; and (C) Connecticut gross state product, by industry. (2) An analysis of the economic development portfolio of the department, including, but not limited to, each business assistance or incentive program, including any business tax credit or abatement program, grant, loan, forgivable loan or other form of assistance, enacted for the purpose of improving economic development. The analysis shall include: [...] (4) An analysis of each business assistance or incentive program, including any business tax credit or abatement program, grant, loan, forgivable loan or other form of assistance, enacted for the purpose of improving economic development, that (A) (i) had ten or more recipients of assistance in the preceding state fiscal year, or (ii) credited, abated or distributed more than one million dollars in the preceding state fiscal year, and (B) is not administered by the department. The analysis shall include: [...] (c) On or before March 1, 2018, and annually thereafter, the joint standing committees of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies, finance, revenue and bonding and commerce shall hold, individually or jointly, one or more public hearings on the analyses included in the annual report under subdivisions (3) and (5) of subsection (a) of this section. |
N | Y | Y |
| Connecticut | 2017 | Connecticut Brownfield Land Banks | 2017 Ct. HB 7229 | Sec. 4. (NEW) (Effective July 1, 2017) (a) The purposes of a Connecticut brownfield land bank shall be to (1) acquire, retain, remediate and sell brownfields in the state on behalf of municipalities pursuant to land banking agreements with such municipalities, (2) educate government officials, community leaders, economic development agencies and nonprofit organizations on best practices for redeveloping brownfields, and (3) engage in all other activities in accordance with sections 2 to 6, inclusive, of this act. In addition to those powers, rights, privileges and immunities granted under chapter 602 of the general statutes, a Connecticut brownfield land bank is authorized and empowered to do the following in furtherance of its purposes: Sec. 6. (NEW) (Effective July 1, 2017) (a) A Connecticut brownfield land bank shall hold in its own name all real property acquired by such land bank irrespective of the identity of the transferor of such property. (b) A Connecticut brownfield land bank shall acquire only brownfield sites and other real property, located adjacent or in close proximity to brownfield sites to be acquired, that are identified in a land banking agreement between such Connecticut brownfield land bank and the municipality in which such properties are located. (c) A Connecticut brownfield land bank shall maintain and make available for public review and inspection an inventory of all real property held by such land bank. |
N | Y | N | |
| Connecticut | 2017 | Major Transportation Projects | 2017 Ct. HB 7138 | Section 1. (NEW) (Effective October 1, 2017) (a) There is established a Transportation Policy Advisory Council, which shall be part of the Executive Department. [...] (k) The council shall have the following powers and duties: (1) To develop and recommend policies for improving transportation planning and the selection of transportation projects; [...] (5) To review the assessment of transportation projects prepared and submitted pursuant to subsection (e) of section 2 of this act; [...] (m) Not later than January 1, 2019, and annually thereafter, the council shall submit, in accordance with the provisions of section 11-4a of the general statutes, a report on its activities to the joint standing committees of the General Assembly having cognizance of matters relating to transportation and finance, revenue and bonding. Sec. 2. (NEW) (Effective from passage) (a) For the purposes of this section, “transportation project” means any transportation planning or capital project undertaken by the state on or after July 1, 2018, that expands capacity on a limited access highway, transit or railroad system or parking facility or is estimated to cost one hundred fifty million dollars or more. (b) The Commissioner of Transportation, in consultation with the Commissioners of Economic and Community Development, Housing and Energy and Environmental Protection, the Secretary of the Office of Policy and Management and the chairpersons and ranking members of the joint standing committees of the General Assembly having cognizance of matters relating to transportation and finance, revenue and bonding, shall develop a method to assess each transportation project to determine the impact of such transportation project on economic development, transit-oriented development, housing development, access to employment, the environment, traffic congestion and public safety. (c) On or before February 1, 2018, the commissioner shall submit, in accordance with section 11-4a of the general statutes, such assessment method to the joint standing committee of the General Assembly having cognizance of matters relating to transportation. Not later than sixty days after the receipt of such assessment method, said committee shall meet to approve or reject such assessment method and advise the commissioner of said committee’s approval or rejection. If said committee fails to approve or reject such assessment method within sixty days of such receipt, such assessment method shall be deemed approved. Such assessment method shall become effective when approved by an affirmative vote of said committee or deemed approved. In the event that such assessment method is rejected, such assessment method shall be returned to the commissioner for revisions and resubmitted to said committee not later than thirty days after such rejection. |
N | N | Y | |
| Connecticut | 2016 | Minority business development entity | 2016 Ct. SB 461 | Section 1. Section Conn. Gen. Stat. § 32-7g of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage): [...] (g) (1) There are established as part of the Small Business Express program not more than two revolving loan funds to provide loans to eligible small businesses that are owned by one or more members of a minority. As used in this subsection, (A) “minority business development entity” means a nonprofit organization (i) having a lending portfolio on or before the effective date of this act from which at least seventy-five per cent of lending is provided to minority-owned businesses state-wide; and (ii) that provided technical assistance on or before the effective date of this act, provided at least seventy-five per cent of such assistance was provided to minority-owned businesses state-wide; and (B) “minority” means (i) Black Americans, including all persons having origins in any of the Black African racial groups not of Hispanic origin; (ii) Hispanic Americans, including all persons of Mexican, Puerto Rican, Cuban, Central or South American, or other Spanish culture or origin, regardless of race; (iii) all persons having origins in the Iberian Peninsula, including Portugal, regardless of race; (iv) women; (v) Asian Pacific Americans and Pacific islanders; or (vi) American Indians and persons having origins in any of the original peoples of North America and maintaining identifiable tribal affiliations through membership and participation or community identification. [...] (6) A minority business development entity receiving a grant pursuant to this subsection shall annually submit to the commissioner a financial audit of grant expenditures until all grant moneys have been expended by such entity. Any such audit shall be prepared by an independent auditor and if the commissioner finds that any such grant is used for purposes that are not in conformity with uses set forth in subdivisions (2) and (3) of this subsection, the commissioner may require repayment of such grant. |
N | N | Y | |
| Connecticut | 2016 | School Infrastructure Projects | 2016 Ct. SB 503 | Conn. Gen. Stat. § 32-7g | Sec. 261. (Effective from passage) The Commissioner of Administrative Services, having reviewed applications for state grants for public school building projects in accordance with section 10-283 of the general statutes on the basis of priorities for such projects and standards for school construction established by the State Board of Education, and having prepared a listing of all such eligible projects ranked in order of priority, including a separate schedule of previously authorized projects which have changed substantially in scope or cost, as determined by said commissioner together with the amount of the estimated grant with respect to each eligible project, and having submitted such listing of eligible projects, prior to December 15, 2015, to a committee of the General Assembly established under section 10-283a of the general statutes for the purpose of reviewing such listing, is hereby authorized to enter into grant commitments on behalf of the state in accordance with said section 10-283 with respect to the priority listing of such projects and in such estimated amounts as approved by said committee prior to February 1, 2016, as follows: [...] |
N | N | Y |
| Connecticut | 2016 | Aerospace manufacturing project | 2016 Ct. SB 601 | Section 1. (NEW) (Effective from passage) (a) As used in this section: (1) “Aerospace manufacturing project” means a project involving the production of helicopters in this state that, if certified by the commissioner as provided in subsection (b) of this section, will require primary helicopter production for current United States government programs, as of the date of the assistance agreement, to be carried out at a facility in this state and minimum expenditure requirements for aggregate payroll and supplier spend base levels, together with minimum employment requirements and capital expenditure targets in this state by an eligible taxpayer in furtherance of such project over a period of not less than fourteen years. (2) “Assistance agreement” means a contract entered into between the commissioner and an eligible taxpayer, in accordance with subsection (c) of this section, including any amendments to or extensions of such contract. (3) “Capital expenditure” means bona fide costs to the wholly-owned subsidiary and its subsidiaries for: (A) Acquisition of lands, buildings, machinery, equipment or any combination thereof, (B) site and infrastructure improvements, (C) planning costs, (D) research and development expenses, as defined in section 12-217n of the general statutes, including, but not limited to, development of new products and markets, and (E) development of diversification strategies, including plans for regional diversification strategies and consultants required for the completion of such strategies and plans. (4) “Commissioner” means the Commissioner of Economic and Community Development. (5) “Company” means an entity with a place of business or wholly-owned subsidiary located in this state and the direct and indirect subsidiaries and affiliates of such entity. (6) “Compliance year” means each twelve-month period commencing July first and continuing through June thirtieth of the following year, provided the initial compliance year shall commence on July 1, 2018, and end on June 30, 2019. “Annual” shall refer to a compliance year. (7) “Eligible taxpayer” means a company that, at the time application is made under subsection (b) of this section, (A) is engaged in the aerospace industry, (B) employs not less than six thousand individuals in this state, (C) operates the company’s primary helicopter production facility for its current United States government programs in this state, (D) plans to bid on a low-rate production contract with the federal government for a helicopter, and (E) has a wholly-owned subsidiary with production facilities and its headquarters, as defined in the assistance agreement, in Connecticut prior to the effective date of this section. [...] (g) (1) The commissioner shall include in the report required pursuant to section 32-1m of the general statutes an annual report that shall include information on the number of projects certified under this section, the status of such certified projects and the specific levels achieved by each eligible taxpayer under subdivisions (1) to (4), inclusive, of subsection (e) of this section. (2) Not later than October 1, 2021, and every three years thereafter until the conclusion of the assistance agreement, the commissioner shall report in accordance with the provisions of section 11-4a of the general statutes to the joint standing committees of the General Assembly having cognizance of matters relating to finance, revenue and bonding and commerce on the number of projects certified under this section, the status of such certified projects and the specific levels achieved by each eligible taxpayer under subdivisions (1) to (4), inclusive, of subsection (e) of this section. Said committees shall conduct a joint informational hearing following the submission of each such report at which the commissioner shall present such report and be available for questions from the members of said committees. |
N | N | Y | |
| Connecticut | 2014 | State contracting | 2014 Ct. HB 5312 | Section 1. Section Conn. Gen. Stat. § 4a-59a of the 2014 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2014): [...] (c) If any contract is extended pursuant to this section without complying with the competitive bidding requirements of subsection (a) of section 4a-57, the Commissioner of Administrative Services shall post an explanation of the reasons for such noncompliance on the Department of Administrative Services” Internet web site. |
N | Y | N | |
| Connecticut | 2014 | Connecticut Manufacturing Innovation Fund | 2014 Ct. SB 29 | Sec. 49. (NEW) (Effective from passage) (a) There is established the Connecticut Manufacturing Innovation Fund, which shall be a nonlapsing fund held by the Treasurer separate and apart from all other moneys, funds and accounts. The following moneys shall be deposited in the fund: (1) Any moneys required or permitted by law to be deposited in the fund; (2) any moneys received in return for financial assistance awarded from the Connecticut Manufacturing Innovation Fund pursuant to the program established in subsection (k) of this section; (3) all private contributions, gifts, grants, donations, bequests or devises received by the fund; and (4) to the extent not otherwise prohibited by state or federal law, any local, state or federal funds received by the fund. Investment earnings credited to the assets of such fund shall become part of the assets of such fund. The Treasurer shall invest the moneys held by the Connecticut Manufacturing Innovation Fund subject to use for financial assistance in accordance with subsections (d) and (k) of this section. [...] (d) The Connecticut Manufacturing Innovation Fund shall be used: (1) To provide financial assistance to eligible recipients as may be approved by the Manufacturing Innovation Advisory Board pursuant to subsection (g) of this section, and (2) to pay or reimburse the administrator for administrative costs pursuant to subsection (m) of this section. Such financial assistance shall be awarded for the purpose of: (A) Furthering the development or modernization of manufacturing equipment; (B) supporting advancements in manufacturing; (C) supporting advanced manufacturing research and development; (D) supporting expansion and training by eligible recipients; (E) attracting new manufacturers to the state; (F) supporting education and training programs designed to meet an anticipated demand for appropriately skilled and trained workers; (G) matching federal grants or otherwise leveraging federal grant funds to aid Connecticut universities and nonprofit organizations to increase research efforts; and (H) funding a voucher program as described in subsection (k) of this section. Additionally, such financial assistance shall target aerospace, medical device, composite materials, digital manufacturing and other technologically advanced commercial products and services” supply chains and related disciplines that are likely to lead to an improvement in or development of products or services that are commercializable and designed to advance the state of technology and the competitive position of eligible recipients, and that promise, directly or indirectly, to lead to job growth in the state in these or related fields. [...] (n) Not later than January 1, 2016, and annually thereafter, the administrator shall provide a report of the activities of the Connecticut Manufacturing Innovation Fund to the Manufacturing Innovation Advisory Board for the advisory board’s review and approval. Upon such approval, the advisory board shall provide such report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to commerce. Such report shall contain available information on the status and progress of the operations and funding of the Connecticut Manufacturing Innovation Fund and the types, amounts and recipients of financial assistance awarded and any returns on investment. |
N | N | Y | |
| Connecticut | 2014 | Connecticut Aerospace Reinvestment Act | 2014 Ct. HB 5465 | Section 1. (NEW) (Effective from passage) (a) As used in this section: (1) “Accumulated credits” means the amount of credits allowed, in accordance with the provisions of section 12-217n of the general statutes, that have not been taken through the last income year completed prior to the date of an application submitted as provided in subsection (b) of this section. The amount of such accumulated credits shall be subject to confirmation, in accordance with the provisions of title 12 of the general statutes, by the Commissioner of Revenue Services in consultation with the commissioner. (2) “Base level” means the level identified in the reinvestment contract entered into pursuant to subsection (c) of this section, for each factor listed in subparagraph (A) of subdivision (6) of subsection (c) of this section, for the most recently completed calendar year prior to the designation as a state-certified industrial reinvestment project. (3) “Commissioner” means the Commissioner of Economic and Community Development. [...] (8) “Industrial reinvestment project” means one or more projects in this state that, if certified by the commissioner as provided in subsection (b) of this section, will entail aggregate eligible expenditures in the state of not less than one hundred million dollars over a period of not more than five exchange years by an eligible taxpayer in furtherance of the industrial reinvestment project. If an industrial reinvestment project is comprised of more than one project, each such project shall be referred to as a segment. Such segments shall be specifically set forth in the reinvestment contract. [...] (f) The commissioner shall include in the report required pursuant to section 32-1m of the general statutes an annual report that shall include information on the number of projects certified under this section, the number of reinvestment contracts entered into in connection with such projects, the status of the certified projects, the amount of accumulated credits that have been exchanged in connection with such projects, and the specific levels achieved by each eligible taxpayer under subparagraphs (A) and (B) of subdivision (6) of subsection (c) of this section. |
N | N | Y | |
| Connecticut | 2013 | Connecticut Bioscience Innovation Fund | 2013 Ct. SB 842 | Sec. 72. (NEW) (Effective from passage) (a) There is established a Connecticut Bioscience Innovation Fund, to be held, administered, invested and disbursed by the administrator pursuant to this section. The fund shall contain any moneys required or permitted by law to be deposited in the fund and any moneys received from any public or private contributions, gifts, grants, donations, bequests or devises to the fund. Repayment of principal and interest on loans issued from the fund shall be credited to the fund and shall become part of the assets of the fund. Any balance remaining in the fund at the end of any fiscal year shall be carried forward in the fund for the fiscal year next succeeding. [...] (d) The Connecticut Bioscience Innovation Fund shall be used (1) to provide financial assistance to eligible recipients as may be approved by the advisory committee pursuant to subsection (e) of this section, (2) for the repayment of state bonds in such amounts as may be required by the State Bond Commission, and (3) to pay or reimburse the administrator for administrative costs pursuant to subsection (j) of this section. Such financial assistance shall be awarded to further the development of bioscience, biomedical engineering, health information management, medical care, medical devices, medical diagnostics, pharmaceuticals, personalized medicine and other related disciplines that are likely to lead to an improvement in or development of services, therapeutics, diagnostics or devices that are commercializable and designed to advance the coordination, quality or efficiency of health care and lower health care costs, and that promise, directly or indirectly, to lead to job growth in the state in these or related fields. [...] (k) Not later than April 15, 2014, and annually thereafter, the administrator shall provide a report of the activities of the Connecticut Bioscience Innovation Fund to the advisory committee for its review and approval. Upon its approval, the advisory committee shall provide such report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committees of the General Assembly having cognizance of matters relating to finance, revenue and bonding, appropriations, commerce, public health and higher education. Such report shall contain available information on the status and progress of the operations and funding of the Connecticut Bioscience Innovation Fund and the types, amounts and recipients of financial assistance awarded and any returns on investment. |
N | N | Y | |
| Connecticut | 2013 | Next Generation Connecticut | 2013 Ct. SB 840 | 10a-109n. [...] (c) Not later than January 1, 2016, and annually thereafter, the university shall report, in accordance with the provisions of section 11-4a, to the joint standing committees of the General Assembly having cognizance of matters relating to finance, revenue and bonding, commerce and higher education on its progress toward achieving the goals set forth in the plan developed pursuant to section 3 of this act. The report shall include a summary of the research and economic development activities of the university, including, but not limited to, (1) research proposals, research awards and research expenditures; (2) student applications, student enrollment and degrees awarded at the bachelor's, master's and doctoral levels; (3) industry partnerships including joint projects, consortium projects and incubator support; (4) a summary of university and joint university-industry intellectual property activities, including the number of disclosures, patents, licenses, new businesses and entrepreneurial activities established with university technologies; and (5) identification of research and innovation benchmarks and an analysis of the university's progress in meeting such benchmarks in comparison to nationally-ranked research universities. |
N | N | Y | |
| Connecticut | 2012 | Redevelopment projects | 2012 Ct. HB 5106 | Section 1. (Effective from passage) (a) On or before January 1, 2013, the Commissioner of Energy and Environmental Protection shall report, in accordance with the provisions of section 11-4a of the general statutes, to the Governor and the joint standing committees of the General Assembly having cognizance of matters relating to commerce and the environment the results of an ongoing review of the general statutes as they relate to brownfield remediation and development and regulations promulgated pursuant to section 22a-133k of the general statutes. Such report shall include any recommended changes to such statutes and regulations or any recommendations forany new program for responding to hazardous material releases. Any recommendation for any such changes or new program shall consider the report submitted pursuant to section 6 of public act 11-141. In developing recommendations for such changes or new program, the commissioner shall also consider: (1) The potential effect on federally-delegated programs; (2) the potential impact on certain small business sectors and municipalities; (3) protection of human health and the environment; (4) improvements in responding to releases, including the greater use of and authority for licensed environmental professionals overseeing the investigation and remediation of releases; and (5) how any such changes or new program may facilitate remediation and economic development, including at properties with existing remediation responsibilities. | N | N | Y | |
| Connecticut | 2012 | Redevelopment projects | 2012 Ct. HB 5342 | Sec. 5. (NEW) (Effective from passage) (a) To promote redevelopment of properties that will provide significant regional or state-wide economic benefits in a manner that promotes smart growth, as defined in section 1 of public act 09-230, the Commissioners of Economic and Community Development, Energy and Environmental Protection and Transportation, and the Secretary of the Office of Policy and Management may cooperatively develop pilot programs that facilitate such redevelopment. The Commissioner of Economic and Community Development shall certify before February 1, 2013, to the Governor for his or her approval no more than three development projects that are likely to produce significant regional or state-wide economic development benefit. Such development projects shall (1) be located in a distressed municipality, target investment community or enterprise zone, (2) primarily involve redevelopment of previously developed properties, and (3) be consistent with the principles of smart growth as defined in section 1 of public act 09- 230. Upon approval by the Governor of any such project, the Commissioner of Economic and Community Development shall publish notice of such approval, including a description of the project, in the affected municipalities, provided such publication shall include notice in the Environmental Monitor. (b) On or before February 1, 2013, the Commissioner of Economic and Community Development shall, in accordance with the provisions of section 11-4a of the general statutes, report to the Governor and the joint standing committee of the General Assembly having cognizance of matters relating to commerce on the success of any pilot program developed in accordance with this section. |
N | N | Y | |
| Connecticut | 2012 | Redevelopment projects | 2012 Ct. HB 5106 | Sec. 7. Subsection (b) of section Conn. Gen. Stat. § 8-126 of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage): (b) The legislative body of any municipality may dissolve an agency authorized under subsection (a) of this section upon determination that such action would facilitate receipt and processing of federal funds and promote the purposes of this chapter. In the event a redevelopment agency to be dissolved has undertaken a project to which the state has contributed financial or other assistance, the legislative body of such municipality shall forward a request for approval to dissolve such agency to the Department of Economic and Community Development. Upon receipt of such request, the department shall report, in accordance with the provisions of section 11-4a, to the joint standing committee of the General Assembly having cognizance of matters relating to commerce (1) the nature and amounts of such financial assistance, (2) the department's preliminary decision to approve or disapprove such municipality's request, and (3) any other conditions on which such an approval would be based. Within thirty days of receipt of such report, the committee shall advise the department whether said committee agrees or disagrees with the department's preliminary decision and the reasons therefore. If the committee does not provide such advice within thirty days, the department shall proceed to issue its final decision to the legislative body of the municipality. If the department approves such dissolution, the legislative body may designate or create a new redevelopment agency in accordance with the procedure set forth in said subsection (a). |
N | N | Y | |
| Connecticut | 2011 | Energy-savings performance contract | 2011 Ct. SB 1243 | Sec. 123. (NEW) (Effective July 1, 2011) (a) As used in this section: [...] (11) “Energy-savings performance contract” means a contract between the state agency or municipality and a qualified energy service provider for evaluation, recommendation and implementation of one or more energy-savings measures. An energy-savings performance contract shall be a guaranteed energy-savings performance contract, which shall include, but not be limited to, (A) the design and installation of equipment and, if applicable, operation and maintenance of any of the measures implemented; and (B) guaranteed annual savings that meet or exceed the total annual contract payments made by the state agency or municipality for such contract, including financing charges to be incurred by the state agency or municipality over the life of the contract. [...] (p) Any state agency or participating municipality that enters into an energy-savings performance contract pursuant to this section shall report the name of the project, the project host, the investment on the project and the expected energy savings to the Office of Policy and Management and the Department of Energy and Environmental Protection. Such reporting shall be done at the same time that the energy-savings performance contract is executed. |
N | N | Y | |
| Connecticut | 2011 | Department of Energy and Environmental Protection programs | 2011 Ct. SB 1243 | 16-245m | 16-245m. [...] (d) [...] (4) The Department of Energy and Environmental Protection shall adopt an independent, comprehensive program evaluation, measurement and verification process to ensure the Energy Conservation Management Board’s programs are administered appropriately and efficiently, comply with statutory requirements, programs and measures are cost effective, evaluation reports are accurate and issued in a timely manner, evaluation results are appropriately and accurately taken into account in program development and implementation, and information necessary to meet any third-party evaluation requirements is provided. An annual schedule and budget for evaluations as determined by the board shall be included in the plan filed with the department pursuant to subdivision (1) of this subsection. The electric distribution and gas company representatives and the representative of a municipal electric energy cooperative may not vote on board plans, budgets, recommendations, actions or decisions regarding such process or its program evaluations and their implementation. Program and measure evaluation, measurement and verification shall be conducted on an ongoing basis, with emphasis on impact and process evaluations, programs or measures that have not been studied, and those that account for a relatively high percentage of program spending. Evaluations shall use statistically valid monitoring and data collection techniques appropriate for the programs or measures being evaluated. All evaluations shall contain a description of any problems encountered in the process of the evaluation, including, but not limited to, data collection issues, and recommendations regarding addressing those problems in future evaluations. The board shall contract with one or more consultants not affiliated with the board members to act as an evaluation administrator, advising the board regarding development of a schedule and plans for evaluations and overseeing the program evaluation, measurement and verification process on behalf of the board. Consistent with board processes and approvals and department decisions regarding evaluation, such evaluation administrator shall implement the evaluation process by preparing requests for proposals and selecting evaluation contractors to perform program and measure evaluations and by facilitating communications between evaluation contractors and program administrators to ensure accurate and independent evaluations. In the evaluation administrator’s discretion and at his or her request, the electric distribution and gas companies shall communicate with the evaluation administrator for purposes of data collection, vendor contract administration, and providing necessary factual information during the course of evaluations. The evaluation administrator shall bring unresolved administrative issues or problems that arise during the course of an evaluation to the board for resolution, but shall have sole authority regarding substantive and implementation decisions regarding any evaluation. Board members, including electric distribution and gas company representatives, may not communicate with an evaluation contractor about an ongoing evaluation except with the express permission of the evaluation administrator, which may only be granted if the administrator believes the communication will not compromise the independence of the evaluation. The evaluation administrator shall file evaluation reports with the board and with the department in its most recent uncontested proceeding pursuant to subdivision (1) of this subsection and the board shall post a copy of each report on its Internet web site. The board and its members, including electric distribution and gas company representatives, may file written comments regarding any evaluation with the department or for posting on the board’s Internet web site. Within fourteen days of the filing of any evaluation report, the department, members of the board or other interested persons may request in writing, and the department shall conduct, a transcribed technical meeting to review the methodology, results and recommendations of any evaluation. Participants in any such transcribed technical meeting shall include the evaluation administrator, the evaluation contractor and the Office of Consumer Counsel at its discretion. On or before November 1, 2011, and annually thereafter, the board shall report to the joint standing committee of the General Assembly having cognizance of matters relating to energy, annually, with the results and recommendations of completed program evaluations. |
N | Y | Y |
| Connecticut | 2011 | Public-private partnership projects | 2011 Ct. HB 6801 | Sec. 81. (NEW) (Effective from passage) (a) On and after the effective date of this section and prior to January 1, 2015, the Governor shall approve not more than five projects to be implemented as public-private partnership projects. The Governor shall not approve any such project unless the Governor finds that the project will result in job creation and economic growth. Any agency seeking to establish a public-private partnership shall, after consultation with the Commissioners of Economic and Community Development, Construction Services and Transportation, the State Treasurer and the Secretary of the Office of Policy and Management, submit one or more projects to the Governor for approval. (b) In determining whether a project is suitable for a public-private partnership agreement, the agency shall conduct an analysis of the feasibility, desirability and the convenience to the public of the project and whether the project furthers the public policy goals of section 80, this section and sections 82 to 88, inclusive, of this act, taking into consideration the following, when applicable: [...] (e) The Governor shall notify the agency when a project has been approved as a public-private partnership project. (f) On or before January 15, 2013, and annually thereafter, the Governor shall report, in accordance with the provisions of section 11-4a of the general statutes, to the General Assembly concerning the status of the public-private partnerships established under this section. |
N | N | Y | |
| Connecticut | 2011 | Job expansion tax credit program | 2011 Ct. HB 6801 | Sec. 12-217pp. | Sec. 19. (NEW) (Effective January 1, 2012, and applicable to income or taxable years commencing on or after January 1, 2012) (a) As used in this section: [...] (b) (1) There is established a job expansion tax credit program whereby a taxpayer may be allowed a credit against the tax imposed under chapter 207, 208, 212 or 229 of the general statutes, other than the liability imposed by section 12-707 of the general statutes, for each new, qualifying or veteran employee hired on or after January 1, 2012, and prior to January 1, 2014. For taxpayers that employ not more than fifty employees in full-time jobs in this state on the date of application to the commissioner for certification under this section, the creation of at least one new job in this state shall be required for said tax credit. For taxpayers that employ more than fifty, but not more than one hundred employees in full-time jobs in this state on the date of application to the commissioner for certification under this section, the creation of at least five new jobs in this state shall be required for said tax credit. For taxpayers that employ more than one hundred employees in full-time jobs in this state on the date of application to the commissioner for certification under this section, the creation of at least ten new jobs in this state shall be required for said tax credit. |
Y | N | Y |
| Connecticut | 2011 | Small Business Express | 2011 Ct. HB 6801 | Connecticut GS Section 32-7g, and 32-1m | Section 32-7g. (a) There is established within the Department of Economic and Community Development the Small Business Express program. Said program shall provide small businesses with various forms of financial assistance, using a streamlined application process to expedite the delivery of such assistance. A small business eligible for assistance through said program shall, as of the effective date of this section, (1) employ, on at least fifty per cent of its working days during the preceding twelve months, not more than fifty employees, (2) be a Connecticut-based business with operations in Connecticut, (3) have been registered to conduct business in this state for not less than twelve months, and (4) be in good standing with the payment of all state and local taxes and with all state agencies. [...] (e) (1) There is established as part of the Small Business Express program a job creation incentive component to provide loans for job creation to small businesses meeting the eligibility criteria in subsection (a) of this section, with the option of loan forgiveness based on the maintenance of an increased number of jobs for not less than twelve consecutive months. Such loans may be used for training, marketing, working capital or other expenses, as approved by the commissioner, that support job creation. (2) Loans under the job creation incentive component may be in amounts from ten thousand dollars to a maximum of two hundred fifty thousand dollars. Payments on such loans may be deferred, and all or part of such loan may be forgiven, based upon the commissioner’s assessment of the small business’s attainment of job creation goals. The department shall review and approve loan terms, conditions and collateral requirements in a manner that prioritizes job creation. [...] (g) Not later than June 30, 2012, and every six months thereafter, the commissioner shall provide a report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committees of the General Assembly having cognizance of matters relating to finance, revenue and bonding, appropriations, commerce and labor. Such report shall include available data on (1) the number of small businesses that applied to the Small Business Express program, (2) the number of small businesses that received assistance under said program and the general categories of such businesses, (3) the amounts and types of assistance provided, (4) the total number of jobs on the date of application and the number proposed to be created or retained, and (5) the most recent employment figures of the small businesses receiving assistance. The contents of such report shall also be included in the department’s annual report. Section 32-1m. [...] (23) With regard to the Small Business Express program established pursuant to section 1 of this act, data on (A) the number of small businesses that applied to the Small Business Express program, (B) the number of small businesses that received assistance under said program and the general categories of such businesses, (C) the amounts and types of assistance provided, (D) the total number of jobs on the date of application and the number proposed to be created or retained, and (E) the most recent employment figures of the small businesses receiving assistance. |
Y | N | Y |
| Connecticut | 2011 | First Five Program | 2011 Ct. SB 1001 | (Effective July 1, 2011) (a) (1) The Department of Economic and Community Development shall establish a first five program to encourage business expansion and job creation. As part of said program, the department may provide substantial financial assistance to up to five eligible business development projects in each of the fiscal years ending June 30, 2012, and June 30, 2013. (2) A business development project eligible for financial assistance under the first five program shall commit, in the manner prescribed by the Commissioner of Economic and Community Development, to (A) create not less than two hundred new jobs within twenty-four months from the date such application is approved; or (B) invest not less than twenty-five million dollars and create not less than two hundred new jobs within five years from the date such application is approved. [...] (d) On or before January 1, 2012, on or before January 1, 2013, and on or before September 1, 2013, the Commissioner of Economic and Community Development shall report in accordance with the provisions of section 11-4a of the general statutes to the joint standing committees of the General Assembly having cognizance of matters relating to commerce and finance, revenue and bonding on the projects funded through the first five program, the number of jobs created and the impact on the economy of this state. |
Y | N | Y | |
| Connecticut | 2010 | Qualified small business job creation tax credit program | 2010 Ct. HB 5435 | Sec. 12-217nn. | Sec. 6. (NEW) (Effective July 1, 2010) (a) As used in this section, “qualified business” means a Connecticut business, whether for-profit or not-for-profit, employing less than fifty employees. (b) The Commissioner of Economic and Community Development shall establish the Connecticut Credit Consortium, which shall be a small business assistance revolving loan program to provide direct loans and lines of credit to qualified businesses. The commissioner shall establish eligibility criteria and guidelines for the program. [...] (d) There is established an account to be known as the “small business assistance account” which shall be a separate, nonlapsing account within the General Fund. The account shall contain any moneys required by law to be deposited in the account. Repayment of principal and interest on loans shall be credited to such fund and shall become part of the assets of the fund. Any balance remaining in such account at the end of any fiscal year shall be carried forward in the fund for the fiscal year next succeeding. All moneys received in consideration of financial assistance, including payments of principal and interest on any loans, shall be credited to the account. Moneys in the account shall be expended by the Department of Economic and Community Development for the purposes of the small business assistance program established pursuant to subsection (b) of this section. Sec. 31. Section 32-1m of the 2010 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2010): (a) Not later than February 1, 2006, and annually thereafter, the Commissioner of Economic and Community Development shall submit a report to the Governor and the General Assembly, in accordance with the provisions of section 11-4a. Not later than thirty days after submission of the report to the Governor and the General Assembly, said commissioner shall post the report on the Department of Economic and Community Development’s web site. Said report shall include, but not be limited to, the following information with regard to the activities of the Department of Economic and Community Development during the preceding state fiscal year: [...] (21) WITH REGARD TO THE CONNECTICUT CREDIT CONSORTIUM ESTABLISHED PURSUANT TO SECTION 6 OF THIS ACT, A SUMMARY OF THE ACTIVITY OF SUCH PROGRAM, INCLUDING, BUT NOT LIMITED TO, THE NUMBER OF LOANS AND LINES OF CREDIT APPLIED FOR AND APPROVED, THE SIZE OF THE BUSINESSES, THE AMOUNT OF THE LOANS OR LINES OF CREDIT, AND THE AMOUNT REPAID TO DATE. (b) Any annual report that is required from the department by any provision of the general statutes shall be incorporated into the annual report provided pursuant to subsection (a) of this section. |
Y | N | Y |
| Connecticut | 2010 | Office of Small Business Affairs | 2010 Ct. HB 5500 | Section 32-9n. [...] (b) Said Office of Small Business Affairs shall: [...] (6) PROVIDE A SINGLE POINT OF CONTACT FOR SMALL BUSINESSES SEEKING FINANCIAL AND TECHNICAL ASSISTANCE FROM THE STATE AND QUASI-PUBLIC AGENCIES; (7) COORDINATE ALL STATE FUNDED REVOLVING LOAN FUNDS USED TO ASSIST SMALL BUSINESSES; AND (8) ESTABLISH, IN COOPERATION WITH THE COMMISSIONER OF ECONOMIC AND COMMUNITY DEVELOPMENT, AND WITHIN AVAILABLE APPROPRIATIONS, AN INFORMATIONAL WEB PAGE WITH A LIST AND LINKS TO ALL SMALL BUSINESS RESOURCES AVAILABLE AND POST THEM IN A CONSPICUOUS PLACE ON THE DEPARTMENT’S WEB SITE. THE OFFICE SHALL UPDATE THIS INFORMATION ON ITS WEB SITE ON AT LEAST A QUARTERLY BASIS . (C) ON OR AFTER FEBRUARY 1, 2011, THE OFFICE OF SMALL BUSINESS AFFAIRS SHALL COMPILE A SUMMARY OF ALL SMALL BUSINESS ACTIVITIES AND PROGRAMS AVAILABLE AND INCORPORATE SUCH SUMMARY INTO THE REPORT REQUIRED PURSUANT TO SECTION 32-1M. |
N | N | Y | |
| Connecticut | 2010 | Department of Economic and Community Development and Connecticut Development Authority programs | 2010 Ct. SB 501 | (Effective July 1, 2010) (a) Notwithstanding the provisions of subsection (b) of section 32-1m of the general statutes, on or before January 1, 2011, and every three years thereafter, the Commissioner of Economic and Community Development, in consultation with the Commissioner of Revenue Services, shall prepare a report with regard to any tax credit or abatement program enacted for the purpose of recruitment or retention of businesses. The report shall include, but need not be limited to: (1) A baseline assessment of the tax credit and abatement programs enacted to encourage business growth in the state, including the number of aggregate jobs associated with taxpayers eligible for such tax credits or abatements and the aggregate annual revenue that such taxpayers generate for the state through the direct taxes applied to them and through their support of the state’s economy through employment and other activities; (2) A listing, by program, of the amount of tax credits and abatements approved by the state during the preceding calendar year; (3) A summary and evaluation of all tax credit programs administered by the Department of Economic and Community Development. Such summary and evaluation shall include, but need not be limited to, for each tax credit program: (A) An assessment of the intended statutory and programmatic goals of the tax credit; (B) the number of taxpayers granted tax credits under the program during the previous twelve-month period; (C) the value of the tax credits granted, listed by the North American Industrial Classification System code associated with the taxpayers receiving such credits; (D) the value of the tax credits actually claimed and the value of the tax credits carried forward, listed by the North American Industrial Classification System code associated with the taxpayers claiming or carrying forward the credits; (E) an assessment and five-year projection of the potential impact on the state’s revenue stream from carry forwards allowed under such tax credit program; (F) an analysis of the economic impact of the tax credit program and whether the statutory and programmatic goals are being met, with obstacles to such goals identified, if possible; (G) the type and value of tax credits assigned and a summary by North American Industrial Classification System codes of taxpayers to which such credits are assigned; (H) a cost-benefit analysis of the revenue foregone by allowing a tax credit, as compared to the economic impact of such credit; (I) the cost to the state to administer the tax credit program, and a comparison between such cost and the net revenue generated to the state by each such program; (J) the average and aggregate administrative and compliance cost, to taxpayers, to comply with the requirements of the tax credit program; and (K) a recommendation as to whether the tax credit program should be continued, modified or repealed, the basis for such recommendation and the expected impact of such recommendation on the state’s economy; (4) (A) An assessment of the fairness, performance, burden, tax incidence and economic impact of the state’s corporation business tax and taxes on domestic and foreign insurance companies pursuant to chapter 207 of the general statutes; (B) the cost to the state to administer the state’s corporation business tax and taxes on domestic and foreign insurance companies pursuant to chapter 207 of the general statutes, and a comparison between such costs and the net revenue generated to the state by such taxes, and (C) the average and aggregate administrative and compliance costs to taxpayers associated with such taxes; and (5) The methodology and assumptions used in carrying out the assessments, projections and analyses required pursuant to subdivisions (1), (3) and (4) of this subsection. (b) The Commissioner of Economic and Community Development shall submit the reports required pursuant to this section, in accordance with section 11-4a of the general statutes, to the Governor, the Secretary of the Office of Policy and Management, and to the joint standing committees of the General Assembly having cognizance of matters relating to appropriations, finance and commerce. |
N | N | Y | |
| Connecticut | 2009 | Real estate development projects | 2009 Ct. SB 2052 | Sec. 7. (NEW) (Effective from passage) (a) As used in this section: (1) “Allowable costs” means the amounts chargeable to a capital account, including, but not limited to: (A) Construction or rehabilitation costs; (B) commissioning costs; (C) architectural and engineering fees allocable to construction or rehabilitation, including energy modeling; (D) site costs, such as temporary electric wiring, scaffolding, demolition costs and fencing and security facilities; and (E) costs of carpeting, partitions, walls and wall coverings, ceilings, lighting, plumbing, electrical wiring, mechanical, heating, cooling and ventilation but “allowable costs” does not include the purchase of land, any remediation costs or the cost of telephone systems or computers; (2) “Brownfield” has the same meaning as in subsection (g) of section 32-9cc of the general statutes; (3) “Eligible project” means a real estate development project that is designed to meet or exceed the applicable LEED Green Building Rating System gold certification or other certification determined by the Commissioner of Environmental Protection to be equivalent, but if a single project has more than one building, “eligible project” means only the building or buildings within such project that is designed to meet or exceed the applicable LEED Green Building Rating System gold certification or other certification determined by the Commissioner of Environmental Protection to be equivalent; [...] (b) For income years commencing on and after January 1, 2012, there may be allowed a credit for all taxpayers against any tax due under the provisions of chapter 208 of the general statutes for the construction or renovation of an eligible project that meets the requirements of subsection (c) of this section, and, in the case of a newly constructed building, for which a certificate of occupancy has been issued not earlier than January 1, 2010. [...] (h) On or before July 1, 2013, the secretary, in consultation with the Commissioner of Revenue Services, shall prepare and submit to the Governor and the joint standing committees of the General Assembly having cognizance of matters relating to planning and development and finance, revenue and bonding, a written report containing (1) the number of taxpayers applying for the credits provided in this section; (2) the amount of such credits granted; (3) the geographical distribution of such credits granted; and (4) any other information the secretary deems appropriate. A preliminary draft of the report shall be submitted on or before July 1, 2012, to the Governor and the joint standing committees of the General Assembly having cognizance of matters relating to planning and development and finance, revenue and bonding. Such reports shall be submitted in accordance with the provisions of section 11-4a of the general statutes. |
N | N | Y | |
| Connecticut | 2009 | 2009 Ct. SB 887 | 32-1o. [...] (c) The strategic plan required under this section shall include, but not be limited to, the following: [...] (11) A REVIEW AND EVALUATION OF THE OPERATION AND EFFICACY OF THE URBAN JOBS PROGRAM ESTABLISHED PURSUANT TO SECTIONS 32-9I TO 32-9L, INCLUSIVE, ENTERPRISE ZONES ESTABLISHED PURSUANT TO SECTION 32-70, RAILROAD DEPOT ZONES ESTABLISHED PURSUANT TO SECTION 32-75A, QUALIFIED MANUFACTURING PLANTS DESIGNATED PURSUANT TO SECTION 32-75C, ENTERTAINMENT DISTRICTS ESTABLISHED PURSUANT TO SECTION 32-76 AND ENTERPRISE CORRIDOR ZONES ESTABLISHED PURSUANT TO SECTION 32-80. THE REVIEW AND EVALUATION OF ENTERPRISE ZONES SHALL INCLUDE AN ANALYSIS OF ENTERPRISE ZONES THAT HAVE BEEN EXPANDED TO INCLUDE AN AREA IN A CONTIGUOUS MUNICIPALITY OR IN WHICH THERE ARE BASE OR PLANT CLOSURES; AND |
N | N | Y | ||
| Connecticut | 2007 | Tax credit for digital animation production companies | 2007 Ct. HB 6500 | Sec. 12-217ll. | Y | N | Y | |
| Connecticut | 2007 | Tax credit for infrastructure projects in the entertainment industry | 2007 Ct. HB 6500 | Sec. 12-217kk. | Y | N | Y | |
| Connecticut | 2007 | Film industry workforce program | 2007 Ct. HB 6500 | Sec. 6. (NEW) (Effective July 1, 2007) (a) The Office of Workforce Competitiveness, in consultation with the Labor Commissioner, the Commissioners of Education and Economic and Community Development, and the Connecticut Commission on Culture and Tourism, shall establish a program that is designed to develop a trained workforce for the film industry in the state. Such program shall have three components: (1) An unpaid intern training program for high school and college students; (2) a production assistant training program open to any state resident; and (3) a workforce training program that would include classroom training, on-set training and a mentor program. [...] (c) Not later than January 1, 2008, and annually thereafter, the Office of Workforce Competitiveness shall submit a status report, in accordance with the provisions of section 11-4a of the general statutes, on the establishment and operation of the program authorized under this section to the Connecticut Employment and Training Commission, the joint standing committees of the General Assembly having cognizance of matters relating to commerce, and higher education and employment advancement. |
N | N | Y | |
| Connecticut | 2006 | Microloan Program for Microenterprises | 2006 Ct. HB 5493 | Section 1. (NEW) (Effective July 1, 2006) As used in sections 2 to 5, inclusive, of this act and section 32-235 of the 2006 supplement to the general statutes: (1) "Community Economic Development Fund" means the entity established pursuant to subsection (b) of section 8- 240k of the general statutes to accomplish the community economic development program; (2) "Microenterprise" means any business, new or existing, with ten or fewer employees and annual gross revenues of less than five hundred thousand dollars, including home-based and owner-operated businesses; (3) "Program" means the microloan program for microenterprises established in section 2 of this act. Sec. 2. (NEW) (Effective July 1, 2006) There is established a pilot microloan program for microenterprises under which the Commissioner of Economic and Community Development shall make a grant to the Community Economic Development Fund. Said fund shall use said grant to support the growth and development of microenterprises. Sec. 5. (Effective July 1, 2006) Not later than June 30, 2007, the Community Economic Development Fund shall submit a report, in accordance with section 11-4a of the general statutes, on the status and results of sections 1 to 3, inclusive, of this act to the joint standing committee of the General Assembly having cognizance of matters relating to economic development. |
N | N | Y | |
| Connecticut | 2006 | Film production tax credit | 2006 Ct. SB 702 | N | N | Y | ||
| Connecticut | 2005 | General Economic Development | 2005 Ct. HB 6685 | Section 1. (NEW) (Effective July 1, 2005) (a) No later than November thirtieth each year, the joint standing committees of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies and finance, revenue and bonding shall meet with the Secretary of the Office of Policy and Management, the director of the legislative Office of Fiscal Analysis, and such other persons as they deem appropriate, to consider the items submitted pursuant to subsection (b) of this section. (b) On or before November fifteenth, annually, the Secretary of the Office of Policy and Management and the director of the legislative Office of Fiscal Analysis shall each submit the following to the joint standing committees of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies and finance, revenue and bonding: (1) An estimate of state revenues, expenditures and ending balance for each fund, for the current biennium and the next ensuing three fiscal years, and the assumptions on which such estimates are based; (2) the projected tax credits to be used in the current biennium and the next ensuing three fiscal years, and the assumptions on which such projections are based; (3) a summary of any estimated deficiencies in the current fiscal year, the reasons for such deficiencies, and the assumptions upon which such estimates are based; (4) the projected balance in the Budget Reserve Fund at the end of each uncompleted fiscal year of the current biennium and the next ensuing three fiscal years; (5) the projected bond authorizations, allocations and issuances in each of the next ensuing five fiscal years and their impact on the debt service of the major funds of the state; (6) an analysis of revenue and expenditure trends and of the major cost drivers affecting state spending, including identification of any areas of concern and efforts undertaken to address such areas, including, but not limited to, efforts to obtain federal funds; and (7) an analysis of possible uses of surplus funds, including, but not limited to, the Budget Reserve Fund, debt retirement and funding of pension liabilities. |
N | N | Y | |
| Connecticut | 2005 | Department of Economic and Community Development and Connecticut Development Authority programs | 2005 Ct. SB 1104 | Connecticut GS Section 32-1m | Section 1. (NEW) (Effective October 1, 2005) Not later than February 1, 2006, and annually thereafter, the Commissioner of Economic and Community Development shall submit a report to the Governor and the General Assembly, in accordance with the provisions of section 11-4a of the general statutes. Not later than thirty days after submission of the report to the Governor and the General Assembly, said commissioner shall post the report on the Department of Economic and Community Development's web site. Said report shall include, but not be limited to, the following information with regard to the activities of the Department of Economic and Community Development during the preceding state fiscal year: [...] (3) An analysis of the economic development portfolio of the department, including: (A) A list of the names, addresses and locations of all recipients of the department's assistance; (B) The following information concerning each recipient of such assistance: (i) Business activities, (ii) standard industrial classification codes or North American industrial classification codes, (iii) number of full-time jobs and part-time jobs at the time of application, (iv) number of actual full-time jobs and actual part-time jobs at application during the preceding state fiscal year, (v) whether the recipient is a minority or woman-owned business, (vi) a summary of the terms and conditions for the assistance, including the type and amount of state financial assistance, job creation or retention requirements and anticipated wage rates, (vii) the amount of investments from private and other nonstate sources that have been leveraged by the assistance, (viii) the extent to which employees of the recipient participate in health benefit plans offered by such recipient, (ix) the extent to which the recipient offers unique economic, social, cultural or aesthetic attributes to the municipality in which the recipient is located or to the state, and (x) the amount of state investment; [...] (9) The following concerning enterprise zones designated under section 32-70 of the general statutes: (A) A statement of the current goals for enterprise zones; (B) A statement of the current performance standards to measure the progress of municipalities that have enterprise zones in attaining the goals for such zones; (C) A report from each municipality that has an enterprise zone, which evaluates the progress of the municipality in meeting the performance standards established under subsection (a) of section 32-70a of the general statutes; and (D) An assessment of the performance of each enterprise zone based on information collected under subparagraph (C) of this subdivision. |
N | Y | N |
| Connecticut | 2003 | Department of Economic and Community Development and Connecticut Development Authority programs | 2003 Ct. SB 164 | Connecticut GS Section 32-1i | Section 32-1i of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2003): (a) The Commissioner of Economic and Community Development shall, by July 1, 1995, develop improved objectives, measures of program success and standards for granting of financial and nonfinancial assistance under programs administered by said commissioner. Not later than January 1, 2004, and annually thereafter, the commissioner shall prepare a report analyzing the performance of such programs during the preceding fiscal year in accordance with such objectives, measures and standards and submit the report, in accordance with section 11-4A, to the joint standing committees of the General Assembly having cognizance of matters relating to commerce, appropriations and finance, revenue and bonding. [...] (C) THE COMMISSIONER SHALL MAKE THE REPORT REQUIRED UNDER SUBSECTION (A) OF THIS SECTION AVAILABLE ELECTRONICALLY BY POSTING SUCH REPORT ON THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT'S WEBSITE NOT LATER THAN THIRTY DAYS AFTER THE DATE SUCH REPORT IS SUBMITTED TO THE JOINT STANDING COMMITTEES OF THE GENERAL ASSEMBLY HAVING COGNIZANCE OF MATTERS RELATING TO COMMERCE, APPROPRIATIONS AND FINANCE, REVENUE AND BONDING. |
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| Connecticut | 2002 | State economic development assistance | 2002 Ct. HB 5402 | Section 1. (NEW) (Effective July 1, 2002) As used in sections 1 to 4, inclusive, of this act: (1) 'Awarding authority' means the Commissioner of Economic and Community Development, the board of directors of the Connecticut Development Authority, the board of directors of Connecticut Innovations, Incorporated, and the head of any other quasi-public agency, as defined in 1-120 of the section 1-120 of the general statutes, as amended, and any state agency authorized to award state assistance, as defined in subdivision (2) of this section. (2) 'State assistance' means any grant, loan, loan guarantee or issuance of tax benefit not of general applicability for the purpose of economic development that is (A) made to a business entity operated for profit, and (B) in an amount greater than one million dollars or that, if added to any other such state assistance made to the same business entity during the preceding two years, would total greater than one million dollars. Sec. 2. (NEW) (Effective July 1, 2002) (a) The terms and conditions of any agreement for state assistance under any program of the general statutes to a business entity operated for profit administered by the Department of Economic and Community Development, Connecticut Development Authority and Connecticut Innovations, Incorporated, shall include provisions for (1) specific goals for the creation and retent ion of full-time and part-time jobs and for periodic reports by the recipient on progress in achieving such goals if the primary purpose of the state assistance is job creation or retention, and (2) a requirement that an applicant for any type of state assistance, except grants and loans of a term of less than one year, provide the agency with appropriate security for such financial assistance, including, but not limited to, a letter of credit, a lien on real property or a security interest in goods, equipment, inventory or other property of any kind and that the recipient of such state assistance will remain in substantial material compliance with state and federal law. |
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| Connecticut | 2002 | Smart Growth | 2002 Ct. SB 599 | Section 1. (Effective from passage) (a) There is established a Blue Ribbon Commission on Property Tax Burdens and Smart Growth to (1) evaluate personal and business property tax burdens in this state compared to other states and among this state's municipalities, (2) consider modifications and alternatives to the current system of property taxation, and (3) evaluate disincentives and incentives for smart growth. On or before October 1, 2003, said commission shall make a final report, including any findings or recommendations, in accordance with the provisions of section 11-4a of the general statutes. | N | N | Y | |
| Connecticut | 2000 | Education grants | 2000 Ct. HB 5737 | Section 1. (NEW) (a) For the fiscal year ending June 30, 2001, the Commissioner of Education shall provide grants, within available appropriations, to local and regional boards of education that have one or more schools in need of improvement on the most recent list prepared pursuant to section 2 of public act 99-288. Eligible boards of education shall use grant funds for costs related to the implementation of improvement plans for such schools, partnership programs between such schools and public libraries in the school district and actions necessary for such schools to become accredited by the New England Association of Schools and Colleges. An eligible board of education shall submit a plan for the expenditure of grant funds, in accordance with subsection (b) of this section, to the Department of Education, at such time and in such manner as the commissioner prescribes. [...] (f) Expenditure reports shall be filed with the Department of Education as requested by the commissioner. School districts shall refund (1) any unexpended amounts at the close of the program for which the grant was awarded, and (2) any amounts not expended in accordance with the approved grant application. [...] (b) The Commissioner of Education shall report, annually, in accordance with section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to education on the implementation of improvement plans and student achievement at schools on the list prepared pursuant to section 2 of public act 99-288. |
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| Connecticut | 2000 | Industrial site investment and urban reinvestment projects | 2000 Ct. SB 523 | Sec. 19. (NEW) (a) For income years commencing on or after January 1, 2000, there shall be allowed as a credit against the tax imposed by section 12-202a of the general statutes an amount as calculated pursuant to subsection (b) of this section. (b) The amount of credit allowed in any income year shall be equal to fifty-five dollars multiplied by the sum of the number of persons provided health care coverage by the taxpayer under the HUSKY Medicaid Plan Part A, HUSKY Part B, or the HUSKY Plus programs, each as defined in of the , as amended, on the first day of each month of the income year for which the credit is taken, divided by twelve. [...] Sec. 20. (NEW) (a) The Commissioner of Revenue Services shall grant a credit against any tax due under the provisions of chapter 207, 208, 209, 210, 211 or 212 of the general statutes, for the donation to a local or regional board of education or a public school of new computers or used computers that are not more than two years old at the time of the donation in accordance with this section. The amount of the credit shall not exceed fifty per cent of the fair market value of the new or used computer at the time of donation as described in this section. Sec. 38. (NEW) (a) As used in this section: (1) "Commissioner" means the Commissioner of Economic and Community Development. (2) "Eligible industrial site investment project" means an investment made in real property, or in improvements to real property, located within this state: (A) (i) That has been subject to a "spill", as defined in section 22a-452c of the general statutes, (ii) is an "establishment", as defined in subdivision (3) of section 22a-134 of the general statutes, as amended, or (iii) is a "facility", as defined in 42 USC 9601(9); (B) that, if remediated, renovated or demolished in accordance with applicable law and regulations and the standards of remediation of the Department of Environmental Protection and used for business purposes, will add significant new economic activity and employment in the municipality in which the investment is to be made, and will generate additional tax revenues to the state; (C) for which the use of the urban and industrial site reinvestment program will be necessary to attract private investment to the project; (D) the business use of which would be economically viable and would generate direct and indirect economic benefits to the state that exceed the amount of the investment during the period for which the tax credits granted pursuant to this act are granted; and (E) that is, in the judgment of the commissioner, consistent with the strategic economic development priorities of the state and the municipality. (3) "Eligible urban reinvestment project" means an investment: (A) That would add significant new economic activity and new jobs in a new facility in the eligible municipality in which the investment is to be made, and will generate significant additional tax revenues to the state or the municipality; (B) for which the use of the urban and industrial site reinvestment program will be necessary to attract private investment to an eligible municipality; (C) that is economically viable; (D) for which the direct and indirect economic benefits to the state outweigh the costs of the investment; and (E) that is, in the judgment of the commissioner, consistent with the strategic economic development priorities of the state and the municipality. [...] (d) (1) The commissioner may register managers of funds created for the purpose of investing in eligible urban reinvestment projects and eligible industrial site investment projects. Any manager registered under this subsection shall have its primary place of business in this state. Each applicant shall submit an application under oath to the commissioner to be registered and shall furnish evidence satisfactory to the commissioner of its financial responsibility, integrity, professional competence and experience in managing investment funds. Failure to maintain adequate fiduciary standards with respect to investments made under this section shall constitute cause for the commissioner to revoke, after hearing, any registration granted under this section or section 38a-88a of the general statutes. The fund manager shall make a report on or before the first day of March in each year, under oath, to the Commissioner of Economic and Community Development and the Commissioner of Revenue Services specifying the name, address and Social Security number or employer identification number of each investor, the year during which each investment was made by each investor, the amount of each investment, a description of the fund's investment objectives and relative performance and a description, including amounts, of all fees received by such manager in relation to each such fund. |
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| Connecticut | 1999 | Tax credits for rehabilitation of historic homes | 1999 Ct. SB 1 | Sec. 8-395 | Sec. 33. Section 8-395 of the general statutes is repealed and the following is substituted in lieu thereof: (a) As used in this section, 'business firm' means any business entity authorized to do business in the state and subject to the corporation business tax imposed under chapter 208, or any company subject to a tax imposed under chapter 207, or any air carrier subject to the air carriers tax imposed under chapter 209, or any railroad company subject to the railroad companies tax imposed under chapter 210, or any regulated telecommunications service, express, telegraph, cable, or community antenna television company subject to the regulated telecommunications service, express, telegraph, cable, and community antenna television companies tax imposed under chapter 211, or any utility company subject to the utility companies tax imposed under chapter 212. (b) The Commissioner of Revenue Services shall grant a credit against any tax due under the provisions of chapter 207, 208, 209, 210, 211 or 212 in an amount equal to the amount specified by the Connecticut Housing Finance Authority in any tax credit voucher issued by said authority pursuant to subsection (c) of this section. (c) The Connecticut Housing Finance Authority shall administer a system of tax credit vouchers within the resources, requirements and purposes of this section, for business firms making contributions to housing programs developed, sponsored or managed by a nonprofit corporation, as defined in subsection (w) of section 8-39, which benefit low and moderate income persons or families which have been approved prior to the date of any such contribution by the authority. Such vouchers may be used as a credit against any of the taxes to which such business firm is subject and which are enumerated in subsection (b) of this section. For income years commencing on or after January 1, 1998, to be eligible for approval a housing program shall be scheduled for completion not more than three years from the date of approval. Each program shall submit to the authority quarterly progress reports and a final report upon completion, in a manner and form prescribed by the authority. If a program fails to be completed after three years, or at any time the authority determines that a program is unlikely to be completed, the authority may reclaim any remaining funds contributed by business firms and reallocate such funds to another eligible program. |
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| Connecticut | 1998 | Department of Energy and Environmental Protection programs | 1998 Ct. HB 5005 | Sec. 33. (NEW) (a) On and after January 1, 2000, the Department of Public Utility Control shall assess or cause to be assessed a charge of three mills per kilowatt hour of electricity sold to each end use customer of an electric distribution company to be used to implement the program as provided in this section for conservation and load management programs but not for the amortization of costs incurred prior to July 1, 1997, for such conservation and load management programs. [...] (d) The Energy Conservation Management Board shall advise and assist the electric distribution companies in the development and implementation of a comprehensive plan, which plan shall be approved by the Department of Public Utility Control, to implement cost-effective energy conservation programs and market transformation initiatives. Programs included in the plan shall be screened through cost-effectiveness testing which compares the value and payback period of program benefits to program costs to ensure that programs are designed to obtain energy savings whose value is greater than the costs of the programs. Program cost-effectiveness shall be reviewed annually, or otherwise as is practicable. If a program is determined to fail the cost-effectiveness test as part of the review process, it shall either be modified to meet the test or shall be terminated. On or before January 31, 2001, and annually thereafter until January 31, 2006, the board shall provide a report to the joint standing committees of the General Assembly having cognizance of matters relating to energy and the environment which documents expenditures, fund balances and evaluates the cost-effectiveness of such programs conducted in the preceding year. Such programs may include, but not be limited to: |
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| Connecticut | 1997 | 1997 Ct. HB 6980 | Sec. 4. (NEW) (a) There is established a Corporation Business Tax Credit Review Committee which shall be comprised of: (1) The chairpersons and ranking members of the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding, or their designees; (2) one member appointed by each of the following: The Governor, the president pro tempore of the Senate, the speaker of the House of Representatives, the majority leader of the Senate, the majority leader of the House of Representatives, the minority leader of the House of Representatives and the minority leader of the Senate; and (3) the Commissioners of Revenue Services and Economic and Community Development, or their designees. (b) The committee shall study and evaluate all the existing credits against the corporation business tax. The study shall include, but is not limited to, consideration of the following with respect to each credit: (1) Has the credit provided a benefit to the state in terms of measurable economic development, new investments in the state, new jobs or retention of existing jobs, or measurable benefits for the workforce in the state; (2) is there sufficient justification to continue the credit as it currently exists or is it obsolete; (3) could the credit be more efficiently administered as part of a broad-based credit; and (4) does the credit add unnecessary complexity in the application, administration and approval process for the credit. The committee shall also engage in an analysis of the history, rationale and estimated revenue loss as a result of each tax credit and shall recommend revisions necessary to change the tax by eliminating or changing any redundant, obsolete or unnecessary tax credit or any credit that is not providing a measurable benefit sufficient to justify any revenue loss to the state. (c) The committee shall report its findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding no later than January 30, 2002, and every five years thereafter, in accordance with section 11-4a of the general statutes. |
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| Connecticut | 1994 | Dry cleaning establishment funds | 1994 Ct. HB 6003 | Sec. 12-263m. | Sec. 52. Subsection (e) of section 12-7b of the general statutes, as amended by public act 93-284, is repealed and the following is substituted in lieu thereof: (e) On or before [D> February 15, 1994 <D] [A> JANUARY 1, 1995, <A] and biennially thereafter, the legislative office of fiscal analysis shall, within available appropriations, prepare and submit a tax expenditure report to the joint standing committee of the general assembly having cognizance of all matters relating to finance, revenue and bonding. For the purposes of this subsection, "tax expenditure" means a tax exemption, exclusion, deduction or credit created under the general statutes or a public act and resulting in less tax revenue to the state or municipalities than they would otherwise receive. Each such report shall provide the following information for each tax expenditure: (1) A description of the tax expenditure; (2) the year in which the tax expenditure was enacted, the purpose for its enactment and a summary of any amendments to the tax expenditure since its enactment; (3) the estimated state and municipal fiscal impact of the tax expenditure during each fiscal year of the then current biennium, and an estimate of the revenue that would result from repeal of the tax expenditure; and (4) an estimate of the number of taxpayers receiving benefit from the tax expenditure. [A> UPON RECEIPT OF EACH TAX EXPENDITURE REPORT THE JOINT STANDING COMMITTEE OF THE GENERAL ASSEMBLY HAVING COGNIZANCE OF MATTERS RELATING TO FINANCE, REVENUE AND BONDING SHALL MEET TO RECEIVE AND ANALYZE THE REPORT. <A] Sec. 41. (NEW) [...] (b) There is established an account within the general fund to be known as the "dry cleaning establishment remediation account". Said account shall contain any moneys required by law to be deposited in the account. Any balance remaining in the account at the end of any fiscal year shall be carried forward in the account for the fiscal year next succeeding. The account shall be used by the department of economic development for grants made to owners or operators of dry cleaning establishments pursuant to subsections (c) and (d) of this section. (c) The state, acting through the commissioner of economic development, shall use the dry cleaning establishment remediation account to provide grants to dry cleaning establishments for the purposes of the containment and removal or mitigation of environmental pollution resulting from the discharge, spillage, uncontrolled loss, seepage or filtration of chemical liquids or solid, liquid or gaseous products or hazardous wastes on or at the site of such establishment or for measures undertaken to prevent such pollution which are approved by the commissioner of environmental protection. For the purposes of this section, "dry cleaning establishment" means any place of business which is currently using, or has previously used, tetrachlorethylene or Stoddard solvent or other chemicals for the purpose of cleaning clothing or furniture and which (1) has been doing business and has maintained its principal office and place of business in this state for a period of at least one year prior to the date of its application for assistance under this section and (2) demonstrates, to the satisfaction of the commissioner of economic development, that it is unable to obtain financing from conventional sources on reasonable terms or in reasonable amounts. |
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| Connecticut | 1993 | AN ACT CONCERNING THE ECONOMIC REFORMATION ACTS OF 1993/Small businesses tax credit? | 1993 Ct. SB 36 | Connecticut GS Section 32-11a subsection (c) | Section 1. (NEW) Not later than March first and October first, annually, the commissioner of economic development shall submit a report to the auditors of public accounts and the joint standing committees of the general assembly having cognizance of matters relating to the department of economic development, appropriations and capital bonding, which shall include the following information with respect to new and outstanding financial assistance provided by the commissioner for each financial assistance program he administers: (1) A list of the names, addresses and locations of all recipients of such assistance, (2) for each such recipient: (A) The business activities, (B) the standard industrial classification manual codes, (C) the gross revenues during the recipient's most recent fiscal year, (D) the number of employees at the time of application, (E) whether the recipient is a minority or women-owned business, (F) a summary of the terms and conditions for the assistance, including the type and amount of state financial assistance, job creation or retention requirements, and anticipated wage rates, and (G) the amount of investments from private and other nonstate sources that have been leveraged by the assistance, (3) the economic benefit criteria used in determining which applications have been approved or disapproved and (4) for each recipient of assistance on or after July 1, 1991, a comparison between the number of jobs to be created, the number of jobs to be retained and the average wage rates for each such category of jobs, as projected in the recipient's application, versus the actual number of jobs created, the actual number of jobs retained and the average wage rates for each such category. The report shall also indicate the actual number of full-time jobs and the actual number of part-time jobs in each such category and the benefit levels for each such subcategory. The October first report shall include a summary of the activities of the department, including all activities to assist small businesses and minority business enterprises, as defined in section 32-9e of the general statutes and recommendations for legislation to promote the purposes of the department. Sec. 3. Section 32-47a of the general statutes is repealed and the following is substituted in lieu thereof: Not later than January first in each year, Connecticut Innovations, Incorporated shall submit a business plan containing a summary of its projected operations for the year to the joint standing [D> committee <D] [A> COMMITTEES <A] of the general assembly having cognizance of matters relating to [A> THE DEPARTMENT OF <A] economic development [A> , APPROPRIATIONS AND CAPITAL BONDING <A] . [D> Within ten days after the end of each fiscal quarter, the corporation shall also submit to said committee a report of its activities during said quarter. <D] [A> NOT LATER THAN MARCH FIRST AND OCTOBER FIRST, ANNUALLY, THE CORPORATION SHALL SUBMIT A REPORT TO THE COMMISSIONER OF ECONOMIC DEVELOPMENT, THE AUDITORS OF PUBLIC ACCOUNTS AND SAID JOINT STANDING COMMITTEES, WHICH SHALL INCLUDE THE FOLLOWING INFORMATION WITH RESPECT TO NEW AND OUTSTANDING FINANCIAL ASSISTANCE PROVIDED BY THE CORPORATION FOR EACH FINANCIAL ASSISTANCE PROGRAM ADMINISTERED BY THE CORPORATION: (1) A LIST OF THE NAMES, ADDRESSES AND LOCATIONS OF ALL RECIPIENTS OF SUCH ASSISTANCE, (2) FOR EACH SUCH RECIPIENT: (A) THE BUSINESS ACTIVITIES, (B) THE STANDARD INDUSTRIAL CLASSIFICATION MANUAL CODES, (C) THE GROSS REVENUES DURING THE RECIPIENT'S MOST RECENT FISCAL YEAR, (D) THE NUMBER OF EMPLOYEES AT THE TIME OF APPLICATION, (E) WHETHER THE RECIPIENT IS A MINORITY OR WOMEN-OWNED BUSINESS, (F) A SUMMARY OF THE TERMS AND CONDITIONS FOR THE ASSISTANCE, INCLUDING THE TYPE AND AMOUNT OF STATE FINANCIAL <A] [A> ASSISTANCE, JOB CREATION OR RETENTION REQUIREMENTS, AND ANTICIPATED WAGE RATES AND (G) THE AMOUNT OF INVESTMENTS FROM PRIVATE AND OTHER NONSTATE SOURCES THAT HAVE BEEN LEVERAGED BY THE ASSISTANCE, (3) THE ECONOMIC BENEFIT CRITERIA USED IN DETERMINING WHICH APPLICATIONS HAVE BEEN APPROVED OR DISAPPROVED AND (4) FOR EACH RECIPIENT OF ASSISTANCE ON OR AFTER JULY 1, 1991, A COMPARISON BETWEEN THE NUMBER OF JOBS TO BE CREATED, THE NUMBER OF JOBS TO BE RETAINED AND THE AVERAGE WAGE RATES FOR EACH SUCH CATEGORY OF JOBS, AS PROJECTED IN THE RECIPIENT'S APPLICATION, VERSUS THE ACTUAL NUMBER OF JOBS CREATED, THE ACTUAL NUMBER OF JOBS RETAINED AND THE AVERAGE WAGE RATES FOR EACH SUCH CATEGORY. THE REPORT SHALL ALSO INDICATE THE ACTUAL NUMBER OF FULL-TIME JOBS AND THE ACTUAL NUMBER OF PART-TIME JOBS IN EACH SUCH CATEGORY AND THE BENEFIT LEVELS FOR EACH SUCH SUBCATEGORY. THE OCTOBER FIRST REPORT SHALL INCLUDE A SUMMARY OF THE ACTIVITIES OF THE CORPORATION, INCLUDING ALL ACTIVITIES TO ASSIST SMALL BUSINESSES AND MINORITY BUSINESS ENTERPRISES AS DEFINED IN SECTION 32-9E, A COMPLETE OPERATING AND FINANCIAL STATEMENT AND RECOMMENDATIONS FOR LEGISLATION TO PROMOTE THE PURPOSES OF THE CORPORATION. <A] The corporation shall furnish such additional information upon the written request of [D> said <D] [A> ANY SUCH <A] committee at such times as the committee may request. |
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| Connecticut | 1993 | Enterprise Zone | 1993 Ct. SB 57 | Section 1. (NEW) (a) On or before October 1, 1993, the commissioner of economic development shall adopt goals for enterprise zones designated under section 32-70 of the general statutes. Such goals shall include, but not be limited to, increasing private investment, expanding the tax base, providing job training and job creation for residents of enterprise zones and reducing property abandonment and housing blight in enterprise zones. (b) On or before January 1, 1994, the commissioner of economic development shall adopt performance standards to measure the progress of municipalities with enterprise zones in attaining the goals for enterprise zones established under subsection (a) of this section. (c) On or before July 1, 1994, and annually thereafter, each municipality in which an enterprise zone is located shall submit a report to the commissioner evaluating the progress of the municipality in meeting the performance standards established under subsection (b) of this section. (d) On or before January 1, 1995, the commissioner shall assess the performance of each enterprise zone. In making such assessment the commissioner shall consider the report submitted under subsection (c) of this section by the municipality in which the enterprise zone is located and any other information he deems relevant. The commissioner shall submit a copy of his assessment to the municipality along with any recommendations for improvement in the performance of the enterprise zone. |
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| Connecticut | 1991 | Industrial parks | 1991 Ct. HB 6392 | (a) The commissioner of economic development, within available appropriations, shall study the establishment and operation of industrial parks funded with municipal or state financial assistance to determine the success of such parks in attracting new business and encouraging expansion of existing business in the state. (b) On or before February 1, 1992, the commissioner shall submit a report of his findings and recommendations to the joint standing committee of the general assembly having cognizance of matters relating to commerce and exportation. |
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| Connecticut | 1990 | Economic Development and Manufacturing Assistance Act of 1990 | Economic Development and Manufacturing Assistance Act of 1990, 1990 Ct. HB 6053 | Sec. 11. | Sec. 11. [...] (d) On or before March first, annually, the commissioner shall submit a report to the joint standing committees of the general assembly having cognizance of matters relating to economic development and to capital bonding setting forth, for the previous calender year, the amount expended for program activities and administrative expenses and costs. |
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| Connecticut | 1988 | Small business and minority business enterprises assistance | 1988 Ct. HB 6100 | 32-11a | ec. 2. Subsection (c) of section 32-11a of the general statutes is repealed and the following is substituted in lieu thereof: (c) [...] Within the first ninety days of each fiscal year, the authority shall report on its operations for the preceding fiscal year to said commissioner AND TO THE JOINT STANDING COMMITTEES OF THE GENERAL ASSEMBLY HAVING COGNIZANCE OF MATTERS RELATING TO ECONOMIC DEVELOPMENT AND STATE CAPITAL BONDING. The report shall include a summary of the activities of the authority, INCLUDING ALL ACTIVITIES TO ASSIST SMALL BUSINESSES AND MINORITY BUSINESS ENTERPRISES AS DEFINED IN SECTION 32-9e, AS AMENDED BY SECTION 1 OF PUBLIC ACT 87-577, a complete operating and financial statement and recommendations for legislation to promote the purposes of the authority. THE REPORT SHALL ALSO INCLUDE A LISTING OF ALL LOANS APPROVED BY THE AUTHORITY DURING THE PRECEDING FISCAL YEAR AND, FOR EACH PROGRAM ADMINISTERED BY THE AUTHORITY, A LISTING OF THE NAMES, ADDRESSES AND BUSINESS ACTIVITIES OF ALL PERSONS WHO RECEIVED FINANCIAL ASSISTANCE UNDER THE PROGRAM DURING THE PRECEDING FISCAL YEAR, THE AMOUNT OF SUCH ASSISTANCE AND THE TYPE, LOCATION AND PURPOSE OF EACH PROJECT FOR WHICH SUCH ASSISTANCE WAS PROVIDED. THE AUTHORITY SHALL FURNISH SUCH ADDITIONAL REPORTS UPON THE WRITTEN REQUEST OF THE JOINT STANDING COMMITTEE OF THE GENERAL ASSEMBLY HAVING COGNIZANCE OF MATTERS RELATING TO ECONOMIC DEVELOPMENT OR THE JOINT STANDING COMMITTEE OF THE GENERAL ASSEMBLY HAVING COGNIZANCE OF MATTERS RELATING TO STATE CAPITAL BONDING AT SUCH TIMES AND CONTAINING SUCH INFORMATION AS THE COMMITTEE MAY REQUEST. The accounts of the authority shall be subject to annual audit by the state auditors of public accounts. |
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