Connecticut 2011 Regular Session

Connecticut Senate Bill SB01175 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		General Assembly Raised Bill No. 1175
2	2		January Session, 2011 LCO No. 4270
3		-	_____~~SB01175CE_APP032211~~____
	3	+	04270_______CE_
4	4		Referred to Committee on Commerce
5	5		Introduced by:
6	6		(CE)
7	7
8	8		General Assembly
9	9
10	10		Raised Bill No. 1175
11	11
12	12		January Session, 2011
13	13
14	14		LCO No. 4270
15	15
16		-	_____~~SB01175CE_APP032211~~____
	16	+	04270_______CE_
17	17
18	18		Referred to Committee on Commerce
19	19
20	20		Introduced by:
21	21
22	22		(CE)
23	23
24	24		AN ACT CONCERNING GRANTS FOR SMALL BUSINESSES RECEIVING FEDERAL FUNDS FROM THE SMALL BUSINESS INNOVATION RESEARCH PROGRAM.
25	25
26	26		Be it enacted by the Senate and House of Representatives in General Assembly convened:
27	27
28	28		Section 1. (NEW) (Effective July 1, 2011) (a) As used in this section:
29	29
30	30		(1) "Small business" means a corporation, limited liability company, partnership, sole proprietorship or individual, operating a business for profit, which employs five hundred or fewer employees, including employees employed in any subsidiary or affiliated corporation; and
31	31
32	32		(2) "Small business innovation research program" means the federal program established pursuant to the Small Business Innovation Development Act of 1982, P.L. 97-219, as amended, that provides funds to small businesses to conduct innovative research that has potential commercial applications.
33	33
34	34		(b) Connecticut Innovations, Incorporated, shall establish a program of matching grants up to two hundred fifty thousand dollars to small businesses that have received federal funds under the small business innovation research program. Any small business receiving a grant under this section may use such grant for the same purpose such small business was awarded federal funds under said small business innovation research program.
35	35
36	36		(c) Applications shall be submitted to the corporation at such times and on such forms as the corporation may prescribe. Each such application shall include the following: (1) The location of the principal place of business of the applicant; (2) an explanation of the intended use of the funding being applied for; and (3) such other information that the corporation deems necessary. Information contained in any such application submitted to the corporation under this section which is identified by the applicant as being of a proprietary nature shall be exempt from the provisions of subsection (a) of section 1-210 of the general statutes.
37	37
38	38		(d) In determining whether an applicant shall be selected for matching funding pursuant to this section, the corporation shall consider, but such consideration need not be limited to, the following factors: (1) The description of the small business innovation research project; and (2) evidence of satisfactory participation in the small business innovation research program.
39	39
40	40		(e) The corporation shall adopt written procedures, in accordance with the provisions of section 1-121 of the general statutes to carry out the provisions of this section.
41	41
42	42		Sec. 2. (Effective July 1, 2011) The sum of five million dollars is appropriated to the Department of Economic and Community Development, from the Economic Assistance Revolving Fund, for the fiscal year ending June 30, 2012, for a grant to Connecticut Innovations, Incorporated, for matching grants under section 1 of this act.
43	43
44	44
45	45
46	46
47	47		This act shall take effect as follows and shall amend the following sections:
48	48		Section 1 July 1, 2011 New section
49	49		Sec. 2 July 1, 2011 New section
50	50
51	51		This act shall take effect as follows and shall amend the following sections:
52	52
53	53		Section 1
54	54
55	55		July 1, 2011
56	56
57	57		New section
58	58
59	59		Sec. 2
60	60
61	61		July 1, 2011
62	62
63	63		New section
64	64
	65	+	Statement of Purpose:
65	66
	67	+	To provide matching funds to small businesses receiving federal funds for innovation research.
66	68
67		-	CE Joint Favorable C/R APP
68		-
69		-	CE
70		-
71		-	Joint Favorable C/R
72		-
73		-	APP
	69	+	[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.]