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Connecticut Laws | Title 32 Commerce And Economic And Community Development
CHAPTER 588s STADIUM PROJECT
Sec. 32-383. Bonds and notes.

(c) Any balance of proceeds of the sale of said bonds authorized by sections 32-380 to 32-409, inclusive, in excess of the aggregate costs of the project so authorized shall be used to meet interest and principal amounts as the same become due on said bonds authorized. (1953)

(d) Net earnings on investment of proceeds, accrued interest and premiums on the issuance of any of such bonds authorized by sections 32-380 to 32-409, inclusive, after payment of expenses incurred by the Treasurer or State Bond Commission in connection with their issuance, if any, shall be used to meet interest and principal amounts as the same become due on said bonds authorized. (1954)

(e) Notwithstanding the provisions of section 3-20, expenditures may be made for preliminary costs authorized, notwithstanding the fact that funds have been committed or expended prior to the authorization of such project by the State Bond Commission. (1955)

Secs. 32-384 to 32-409. Revenues from lease of the project. Proceeds of bonds previously authorized for other projects allowed to be expended for the project; bond authorization. Stadium Oversight Commission. Condemnation of real property for stadium and practice facility sites. Payment of damages. Appeal to Superior Court; reassessment of damages or benefits by trial referees. Costs in appeals from awards. Lien for assessed benefits. Interest payable ninety days after acceptance of agreement. Powers of Secretary of the Office of Policy and Management; conditions to be met before bonds issued, sites acquired or liability for construction costs incurred. Construction standards and detailed plans and specifications for stadium and practice facilities. Development agreement; contracts for design and construction of stadium and practice facilities. Deadlines for construction of stadium and practice facilities; stipulated sum; supervision of work and materials; contracting procedures; Attorney General to approve form and development agreement and leases; payments by Comptroller. Stadium facility lease. Practice facility lease. Statutory and other provisions of law which are not applicable to the project. Jurisdiction over licenses, permits, approvals and administrative actions concerning the project; freedom of information. Applications for licenses, permits, approvals and administrative actions concerning the project. Decisions on applications. Appeal to Superior and Appellate Courts. Operation in accordance with environmental laws. Property tax exemption; payment to municipalities. State liability. Personal liability of state officers. Development agreement to require set-aside for small contractors, minority business enterprises and individuals with a disability. Liberal construction. (1956)(Text)

Sections 32-384 to 32-409, inclusive, are repealed, effective January 12, 1999. (1957)

Secs. 32-410 to 32-424. (1958)(Text)

Reserved for future use. (1959)

CHAPTER 588t CONNECTICUT PORT AUTHORITY (1960)(Text)

Secs. 32-425 to 32-434. Definitions. Connecticut Port Authority; establishment; board members; procedures. Perpetual succession; termination. Board of directors. Executive director. Purpose. Powers. Foreign-trade zones. Annual reports; examination; audits. Business plan; reports. (1961)(Text)

Sections 32-425 to 32-434, inclusive, are repealed, effective July 1, 2004. (1962)

Secs. 32-435 to 32-449. (1963)(Text)

Reserved for future use. (1964)

CHAPTER 588u FINANCIAL ASSISTANCE: GENERAL PROVISIONS (1965)(Text)

PART I ACCOUNTABILITY (1966)(Text)

Sec. 32-450. Definitions. (1967)(Text)

As used in sections 32-450 to 32-457, inclusive: (1968)

(1) "Awarding authority" means the Commissioner of Economic and Community Development, the board of directors of the Connecticut Development Authority and the board of directors of Connecticut Innovations, Incorporated. (1969)

(2) "Economic development financial assistance" means any grant, loan or loan guarantee, or combination thereof, or any tax credits approved pursuant to section 32-9t, provided to a business for the purpose of economic development. (1970)

(3) "Employee representatives" means representatives of any certified or recognized bargaining agents for employees of a business. (1971)

(4) "Threshold project" means (A) a project for which a business operating in the state and having twenty-five or more full-time employees in the state submits a request to an awarding authority for economic development financial assistance in the form of (i) a grant in the amount of two hundred fifty thousand dollars or more or (ii) a combination of a grant and a loan or loan guarantee, totaling two hundred fifty thousand dollars or more, or (B) a project for which a business operating in the state and having one hundred or more full-time employees in the state submits a request to an awarding authority for economic development financial assistance in the form of (i) a loan or a loan guarantee, in the amount of one million dollars or more, or (ii) a combination of a loan and a loan guarantee, totaling one million dollars or more. (1972)

Sec. 32-451. Public policy objectives for threshold projects. (1973)(Text)

Each awarding authority shall (1) develop a written statement articulating the public policy objectives for threshold projects under each economic development financial assistance program administered by the authority and (2) inform each business seeking such financial assistance of such public policy objectives at the time that the business initially requests the assistance. Such public policy objectives may include, but shall not be limited to, retaining existing businesses in the state; retaining existing jobs in the state; expanding the level of economic activity by existing businesses in the state; expanding employment opportunities with existing businesses in the state; attracting new jobs to the state; providing jobs for underemployed persons, laid-off workers and public assistance recipients; increasing, enhancing and updating the capacity of businesses in the state; increasing, enhancing and updating employee skills and employee training in the state; increasing state and municipal tax revenues from increased economic activity and increased employment; and providing other benefits to the state, local community, citizens and employers. (1974)

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