General Assembly Raised Bill No. 6428
January Session, 2011 LCO No. 3629
*03629_______LAB*
Referred to Committee on Labor and Public Employees
Introduced by:
(LAB)
General Assembly
Raised Bill No. 6428
January Session, 2011
LCO No. 3629
*03629_______LAB*
Referred to Committee on Labor and Public Employees
Introduced by:
(LAB)
AN ACT CONCERNING STATE FINANCIAL ASSISTANCE AND EMPLOYERS THAT HAVE TRANSFERRED JOBS OUT OF THE STATE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2011) On and after October 1, 2011, if the state or any agency of the state, including the Department of Economic and Community Development, the Connecticut Development Authority or Connecticut Innovations, Incorporated, provides financial assistance to any business organization with one hundred or more employees, such providing agency shall prohibit, as a condition to receiving financial assistance, the business organization from laying off, reassigning or transferring out of state fifty or more employees for the period during which the business organization receives such financial assistance. If the business organization lays off, reassigns or transfers out of state fifty or more employees in violation of this section, the full amount of any financial assistance received and a penalty of five per cent of such amount shall be repaid to the providing agency. For the purposes of this section, "financial assistance" includes, but is not limited to, all forms of loans, grants, guarantees and tax abatements.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2011 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2011
New section
Statement of Purpose:
To penalize businesses with one hundred or more employees receiving financial assistance from the state that lay off, reassign or transfer out of state fifty or more employees while receiving said financial assistance.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]