Connecticut 2010 Regular Session

Connecticut Senate Bill SB00470 Compare Versions

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1-General Assembly Substitute Bill No. 470
2-February Session, 2010 *_____SB00470PD____042710____*
1+General Assembly Raised Bill No. 470
2+February Session, 2010 LCO No. 2209
3+ *_____SB00470GAE___032410____*
4+Referred to Committee on Government Administration and Elections
5+Introduced by:
6+(GAE)
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48 General Assembly
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6-Substitute Bill No. 470
10+Raised Bill No. 470
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812 February Session, 2010
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10-*_____SB00470PD____042710____*
14+LCO No. 2209
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12-AN ACT CONCERNING THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT AND ELIGIBLE BUSINESS FACILITIES.
16+*_____SB00470GAE___032410____*
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18+Referred to Committee on Government Administration and Elections
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20+Introduced by:
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22+(GAE)
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24+AN ACT CONCERNING ECONOMIC DEVELOPMENT AGENCIES.
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1426 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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16-Section 1. (NEW) (Effective July 1, 2010) The Commissioner of Economic and Community Development may issue a certificate of eligibility to a business that meets the requirements of subsection (b) of section 32-9j of the general statutes. Such certificate shall specify such business is an "eligible business facility", as defined in said section.
28+Section 1. Subsection (e) of section 8-216b of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2010):
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30+(e) The state, acting by and in the discretion of the Commissioner of Economic and Community Development, may enter into a contract with a nonprofit corporation for state financial assistance for a housing and community development project under this section. Such financial assistance shall be in the form of a grant-in-aid in an amount not to exceed two-thirds of the net cost of the activities set forth in subsection (c) of this section which are carried out in connection with the project, and shall be made only to a nonprofit corporation [which] that has secured a commitment for mortgage financing from the United States Department of Housing and Urban Development or the Farmers' Home Administration. Such project shall [conform to] meet the requirements of this section and such other requirements as the commissioner may prescribe.
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2135 This act shall take effect as follows and shall amend the following sections:
22-Section 1 July 1, 2010 New section
36+Section 1 October 1, 2010 8-216b(e)
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2438 This act shall take effect as follows and shall amend the following sections:
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2640 Section 1
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28-July 1, 2010
42+October 1, 2010
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30-New section
44+8-216b(e)
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34-PD Joint Favorable Subst.
48+GAE Joint Favorable
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36-PD
50+GAE
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38-Joint Favorable Subst.
52+Joint Favorable