18 | | - | Section 1. (NEW) (Effective July 1, 2025) The Department of Economic 1 |
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19 | | - | and Community Development may establish and administer a program 2 |
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20 | | - | for the sale of Connecticut brand merchandise and advertising space for 3 |
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21 | | - | Connecticut businesses. All proceeds derived from the operation of such 4 |
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22 | | - | program shall be deposited in the Tourism Fund. 5 |
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23 | | - | Sec. 2. Section 31-53c of the general statutes is repealed and the 6 |
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24 | | - | following is substituted in lieu thereof (Effective July 1, 2025): 7 |
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25 | | - | (a) For purposes of this section: 8 |
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26 | | - | (1) "Business organization" means any sole proprietorship, 9 |
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27 | | - | partnership, corporation, limited liability company, association, firm or 10 |
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28 | | - | other form of business, municipality, regional council of governments, 11 |
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29 | | - | Connecticut brownfield land bank or economic development agency, as 12 |
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30 | | - | defined in section 32-760, or other legal entity, but excludes any 13 |
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31 | | - | organization that is exempt from taxation under Section 501(c)(3) of the 14 |
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32 | | - | Internal Revenue Code of 1986 or that is a chamber of commerce under 15 |
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33 | | - | Section 501(c)(6) of said Internal Revenue Code, or any subsequent 16 Substitute Bill No. 7165 |
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| 25 | + | Section 1. Section 10-395b of the general statutes is repealed and the 1 |
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| 26 | + | following is substituted in lieu thereof (Effective July 1, 2025): 2 |
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| 27 | + | (a) There is established a fund to be known as the "Tourism Fund" 3 |
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| 28 | + | which shall be a separate, nonlapsing fund. The fund shall contain any 4 |
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| 29 | + | moneys required by law to be deposited in the fund. 5 |
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| 30 | + | (b) The Department of Economic and Community Development may 6 |
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| 31 | + | establish and administer a program for the sale of Connecticut brand 7 |
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| 32 | + | merchandise and advertising space for Connecticut businesses. All 8 |
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| 33 | + | proceeds derived from the operation of such program shall be deposited 9 |
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| 34 | + | in the Tourism Fund. 10 |
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| 35 | + | Sec. 2. Section 31-53c of the general statutes is repealed and the 11 |
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| 36 | + | following is substituted in lieu thereof (Effective July 1, 2025): 12 |
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| 37 | + | Raised Bill No. 7165 |
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38 | | - | corresponding internal revenue code of the United States, as amended 17 |
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39 | | - | from time to time, and that (A) accepts financial assistance for a project 18 |
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40 | | - | as defined in this section, and (B) such project is valued at not less than 19 |
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41 | | - | ten million dollars and is not for the purposes described in subsection 20 |
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42 | | - | (f) of this section; 21 |
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43 | | - | (2) "Financial assistance" means any and all forms of loans, cash 22 |
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44 | | - | payments, extensions of credit, guarantees, equity investments, tax 23 |
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45 | | - | abatements or any other form of financing totaling one million dollars 24 |
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46 | | - | or more; and 25 |
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47 | | - | (3) "Project" means any construction, remodeling, refinishing, 26 |
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48 | | - | refurbishing, rehabilitation, alteration or repair of any property owned 27 |
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49 | | - | by a business organization. 28 |
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50 | | - | (b) On and after July 1, 2018, if the Department of Economic and 29 |
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51 | | - | Community Development provides financial assistance to any business 30 |
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52 | | - | organization for any construction project of such business organization, 31 |
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53 | | - | the Department of Economic and Community Development shall 32 |
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54 | | - | require, as a condition of providing such financial assistance, that any 33 |
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55 | | - | contract entered into by the business organization for such project shall 34 |
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56 | | - | contain the following provision: "The wages paid on an hourly basis to 35 |
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57 | | - | any person performing the work of any mechanic, laborer or worker on 36 |
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58 | | - | the work herein contracted to be done and the amount of payment or 37 |
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59 | | - | contribution paid or payable on behalf of each such person to any 38 |
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60 | | - | employee welfare fund, as defined in subsection (i) of section 31-53, 39 |
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61 | | - | shall be at a rate equal to the rate customary or prevailing for the same 40 |
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62 | | - | work in the same trade or occupation in the town in which such 41 |
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63 | | - | construction, remodeling, refinishing, refurbishing, rehabilitation, 42 |
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64 | | - | alteration or repair project is being undertaken. Any contractor who is 43 |
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65 | | - | not obligated by agreement to make payment or contribution on behalf 44 |
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66 | | - | of such persons to any such employee welfare fund shall pay to each 45 |
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67 | | - | mechanic, laborer or worker as part of such person's wages the amount 46 |
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68 | | - | of payment or contribution for such person's classification on each pay 47 |
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69 | | - | day." 48 Substitute Bill No. 7165 |
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| 41 | + | LCO No. 5799 2 of 8 |
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| 42 | + | |
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| 43 | + | (a) For purposes of this section: 13 |
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| 44 | + | (1) "Business organization" means any sole proprietorship, 14 |
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| 45 | + | partnership, corporation, limited liability company, association, firm or 15 |
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| 46 | + | other form of business or legal entity, but excludes any organization that 16 |
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| 47 | + | is exempt from taxation under Section 501(c)(3) of the Internal Revenue 17 |
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| 48 | + | Code of 1986 or that is a chamber of commerce under Section 501(c)(6) 18 |
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| 49 | + | of said Internal Revenue Code, or any subsequent corresponding 19 |
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| 50 | + | internal revenue code of the United States, as amended from time to 20 |
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| 51 | + | time, and that (A) accepts financial assistance for a project as defined in 21 |
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| 52 | + | this section, and (B) is valued at not less than ten million dollars; 22 |
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| 53 | + | (2) "Financial assistance" means any and all forms of loans, cash 23 |
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| 54 | + | payments, extensions of credit, guarantees, equity investments, tax 24 |
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| 55 | + | abatements or any other form of financing totaling one million dollars 25 |
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| 56 | + | or more; and 26 |
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| 57 | + | (3) "Project" means any construction, remodeling, refinishing, 27 |
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| 58 | + | refurbishing, rehabilitation, alteration or repair of any property owned 28 |
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| 59 | + | by a business organization. 29 |
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| 60 | + | (b) On and after July 1, 2018, if the Department of Economic and 30 |
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| 61 | + | Community Development provides financial assistance to any business 31 |
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| 62 | + | organization for any construction project of such business organization, 32 |
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| 63 | + | the Department of Economic and Community Development shall 33 |
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| 64 | + | require, as a condition of providing such financial assistance, that any 34 |
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| 65 | + | contract entered into by the business organization for such project shall 35 |
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| 66 | + | contain the following provision: "The wages paid on an hourly basis to 36 |
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| 67 | + | any person performing the work of any mechanic, laborer or worker on 37 |
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| 68 | + | the work herein contracted to be done and the amount of payment or 38 |
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| 69 | + | contribution paid or payable on behalf of each such person to any 39 |
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| 70 | + | employee welfare fund, as defined in subsection (i) of section 31-53, 40 |
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| 71 | + | shall be at a rate equal to the rate customary or prevailing for the same 41 |
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| 72 | + | work in the same trade or occupation in the town in which such 42 |
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| 73 | + | construction, remodeling, refinishing, refurbishing, rehabilitation, 43 |
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| 74 | + | Raised Bill No. 7165 |
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74 | | - | (c) Any contractor or subcontractor who knowingly or wilfully 49 |
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75 | | - | employs any mechanic, laborer or worker in any project receiving 50 |
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76 | | - | financial assistance from the Department of Economic and Community 51 |
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77 | | - | Development for such project, at a rate of wage on an hourly basis that 52 |
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78 | | - | is less than the rate customary or prevailing for the same work in the 53 |
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79 | | - | same trade or occupation in the town in which such project is located, 54 |
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80 | | - | or who fails to pay the amount of payment or contributions paid or 55 |
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81 | | - | payable on behalf of each such person to any employee welfare fund, as 56 |
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82 | | - | defined in subsection (i) of section 31-53, or in lieu thereof to the person, 57 |
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83 | | - | as provided by subsection (b) of this section, shall be fined not less than 58 |
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84 | | - | two thousand five hundred dollars but not more than five thousand 59 |
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85 | | - | dollars for each offense and (1) for the first violation, shall be 60 |
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86 | | - | disqualified from bidding on contracts for projects for which the 61 |
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87 | | - | Department of Economic and Community Development provides 62 |
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88 | | - | financial assistance until the contractor or subcontractor has made full 63 |
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89 | | - | restitution of the back wages owed to such persons and for an additional 64 |
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90 | | - | six months thereafter, and (2) for subsequent violations, shall be 65 |
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91 | | - | disqualified from bidding on contracts for projects for which the 66 |
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92 | | - | Department of Economic and Community Development provides 67 |
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93 | | - | financial assistance until the contractor or subcontractor has made full 68 |
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94 | | - | restitution of the back wages owed to such persons and for not less than 69 |
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95 | | - | an additional two years thereafter. In addition, if it is found by the 70 |
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96 | | - | contracting officer representing the business organization that any 71 |
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97 | | - | mechanic, laborer or worker employed by the contractor or any 72 |
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98 | | - | subcontractor directly on the site for the work covered by the contract 73 |
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99 | | - | has been or is being paid a rate of wages less than the rate of wages 74 |
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100 | | - | required by the contract to be paid as required by this section, the 75 |
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101 | | - | business organization may (A) by written or electronic notice to the 76 |
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102 | | - | contractor, terminate such contractor's right to proceed with the work 77 |
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103 | | - | or such part of the work as to which there has been a failure to pay said 78 |
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104 | | - | required wages and to prosecute the work to completion by contract or 79 |
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105 | | - | otherwise, and the contractor and the contractor's sureties shall be liable 80 |
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106 | | - | to the business organization for any excess costs occasioned the business 81 |
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107 | | - | organization thereby, or (B) withhold payment of money to the 82 |
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108 | | - | contractor or subcontractor. The contracting business organization shall, 83 Substitute Bill No. 7165 |
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| 78 | + | LCO No. 5799 3 of 8 |
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| 79 | + | |
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| 80 | + | alteration or repair project is being undertaken. Any contractor who is 44 |
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| 81 | + | not obligated by agreement to make payment or contribution on behalf 45 |
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| 82 | + | of such persons to any such employee welfare fund shall pay to each 46 |
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| 83 | + | mechanic, laborer or worker as part of such person's wages the amount 47 |
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| 84 | + | of payment or contribution for such person's classification on each pay 48 |
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| 85 | + | day." 49 |
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| 86 | + | (c) Any contractor or subcontractor who knowingly or wilfully 50 |
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| 87 | + | employs any mechanic, laborer or worker in any project receiving 51 |
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| 88 | + | financial assistance from the Department of Economic and Community 52 |
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| 89 | + | Development for such project, at a rate of wage on an hourly basis that 53 |
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| 90 | + | is less than the rate customary or prevailing for the same work in the 54 |
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| 91 | + | same trade or occupation in the town in which such project is located, 55 |
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| 92 | + | or who fails to pay the amount of payment or contributions paid or 56 |
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| 93 | + | payable on behalf of each such person to any employee welfare fund, as 57 |
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| 94 | + | defined in subsection (i) of section 31-53, or in lieu thereof to the person, 58 |
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| 95 | + | as provided by subsection (b) of this section, shall be fined not less than 59 |
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| 96 | + | two thousand five hundred dollars but not more than five thousand 60 |
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| 97 | + | dollars for each offense and (1) for the first violation, shall be 61 |
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| 98 | + | disqualified from bidding on contracts for projects for which the 62 |
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| 99 | + | Department of Economic and Community Development provides 63 |
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| 100 | + | financial assistance until the contractor or subcontractor has made full 64 |
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| 101 | + | restitution of the back wages owed to such persons and for an additional 65 |
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| 102 | + | six months thereafter, and (2) for subsequent violations, shall be 66 |
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| 103 | + | disqualified from bidding on contracts for projects for which the 67 |
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| 104 | + | Department of Economic and Community Development provides 68 |
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| 105 | + | financial assistance until the contractor or subcontractor has made full 69 |
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| 106 | + | restitution of the back wages owed to such persons and for not less than 70 |
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| 107 | + | an additional two years thereafter. In addition, if it is found by the 71 |
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| 108 | + | contracting officer representing the business organization that any 72 |
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| 109 | + | mechanic, laborer or worker employed by the contractor or any 73 |
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| 110 | + | subcontractor directly on the site for the work covered by the contract 74 |
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| 111 | + | has been or is being paid a rate of wages less than the rate of wages 75 |
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| 112 | + | required by the contract to be paid as required by this section, the 76 |
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| 113 | + | Raised Bill No. 7165 |
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113 | | - | not later than two days after taking such action, notify the Labor 84 |
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114 | | - | Commissioner, in writing or electronically, of the name of the contractor 85 |
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115 | | - | or subcontractor, the project involved, the location of the work, the 86 |
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116 | | - | violations involved, the date the contract was terminated and steps 87 |
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117 | | - | taken to collect the required wages. 88 |
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118 | | - | (d) The Labor Commissioner may make complaint to the proper 89 |
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119 | | - | prosecuting authorities for the violation of any provision of subsection 90 |
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120 | | - | (c) of this section. 91 |
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121 | | - | (e) The Labor Commissioner shall predetermine the prevailing rate 92 |
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122 | | - | and the amount of payment or contributions paid or payable on behalf 93 |
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123 | | - | of each person to any employee welfare fund, as defined in subsection 94 |
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124 | | - | (i) of section 31-53, in each town where such contract is to be performed, 95 |
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125 | | - | in the same manner as provided in subsection (d) of section 31-53. 96 |
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126 | | - | (f) If the Department of Economic and Community Development 97 |
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127 | | - | provides financial assistance to any business organization, including 98 |
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128 | | - | any nonprofit organization that is exempt from taxation under Section 99 |
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129 | | - | 501(c)(3) of the Internal Revenue Code of 1986, or any subsequent 100 |
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130 | | - | corresponding internal revenue code of the United States, as amended 101 |
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131 | | - | from time to time, for the purpose of remediation, demolition or 102 |
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132 | | - | abatement of pollution in buildings, soil or groundwater located at a 103 |
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133 | | - | project site, only the remediation, demolition or abatement of pollution 104 |
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134 | | - | in buildings, soil or groundwater portion of the project described in the 105 |
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135 | | - | financial assistance contract between the business organization and the 106 |
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136 | | - | department shall be covered by this section. Such financial assistance 107 |
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137 | | - | contract executed by the department shall be limited to the purposes 108 |
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138 | | - | described in this subsection and shall be separate from any contract for 109 |
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139 | | - | redevelopment activities on the site. 110 |
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140 | | - | Sec. 3. Section 32-7v of the general statutes is repealed and the 111 |
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141 | | - | following is substituted in lieu thereof (Effective July 1, 2025): 112 |
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142 | | - | (a) (1) The Commissioner of Economic and Community Development 113 |
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143 | | - | shall, within available resources, establish a workforce [development] 114 |
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144 | | - | incentive program to provide grants to [nonprofit organizations] 115 Substitute Bill No. 7165 |
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| 117 | + | LCO No. 5799 4 of 8 |
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| 118 | + | |
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| 119 | + | business organization may (A) by written or electronic notice to the 77 |
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| 120 | + | contractor, terminate such contractor's right to proceed with the work 78 |
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| 121 | + | or such part of the work as to which there has been a failure to pay said 79 |
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| 122 | + | required wages and to prosecute the work to completion by contract or 80 |
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| 123 | + | otherwise, and the contractor and the contractor's sureties shall be liable 81 |
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| 124 | + | to the business organization for any excess costs occasioned the business 82 |
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| 125 | + | organization thereby, or (B) withhold payment of money to the 83 |
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| 126 | + | contractor or subcontractor. The contracting business organization shall, 84 |
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| 127 | + | not later than two days after taking such action, notify the Labor 85 |
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| 128 | + | Commissioner, in writing or electronically, of the name of the contractor 86 |
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| 129 | + | or subcontractor, the project involved, the location of the work, the 87 |
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| 130 | + | violations involved, the date the contract was terminated and steps 88 |
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| 131 | + | taken to collect the required wages. 89 |
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| 132 | + | (d) The Labor Commissioner may make complaint to the proper 90 |
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| 133 | + | prosecuting authorities for the violation of any provision of subsection 91 |
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| 134 | + | (c) of this section. 92 |
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| 135 | + | (e) The Labor Commissioner shall predetermine the prevailing rate 93 |
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| 136 | + | and the amount of payment or contributions paid or payable on behalf 94 |
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| 137 | + | of each person to any employee welfare fund, as defined in subsection 95 |
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| 138 | + | (i) of section 31-53, in each town where such contract is to be performed, 96 |
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| 139 | + | in the same manner as provided in subsection (d) of section 31-53. 97 |
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| 140 | + | (f) If the Department of Economic and Community Development 98 |
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| 141 | + | provides financial assistance to any business organization for the 99 |
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| 142 | + | purpose of remediation, demolition or abatement of pollution in 100 |
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| 143 | + | buildings, soil or groundwater located at a project site, such financial 101 |
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| 144 | + | assistance shall only be used for such purposes and shall be separate 102 |
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| 145 | + | from any contract for redevelopment activities on the site. 103 |
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| 146 | + | Sec. 3. Section 32-7v of the general statutes is repealed and the 104 |
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| 147 | + | following is substituted in lieu thereof (Effective July 1, 2025): 105 |
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| 148 | + | (a) (1) The Commissioner of Economic and Community Development 106 |
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| 149 | + | shall, within available resources, establish a workforce [development] 107 |
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| 150 | + | Raised Bill No. 7165 |
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149 | | - | employers that employ individuals with intellectual disability, as 116 |
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150 | | - | defined in section 1-1g. Such grants shall be awarded for infrastructure 117 |
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151 | | - | expenditures, [start-up] programmatic costs or expansion costs. 118 |
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152 | | - | (2) Any [nonprofit organization] employer that (A) employs, at the 119 |
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153 | | - | time of application, a workforce of which not less than [ten] five per cent 120 |
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154 | | - | consists of individuals with intellectual disability, as defined in section 121 |
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155 | | - | 1-1g, who have been employed for a period of not less than six months 122 |
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156 | | - | in the previous calendar year and are paid not less than the minimum 123 |
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157 | | - | fair wage established pursuant to section 31-58, and (B) is in compliance 124 |
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158 | | - | with competitive integrated employment, as that term is used in 34 CFR 125 |
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159 | | - | 361.5(c)(9)(i)(D) and 34 CFR 361.5(c)(9)(ii)(B), as amended from time to 126 |
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160 | | - | time, may apply for a grant under the program. 127 |
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161 | | - | (3) Grants awarded pursuant to this section shall not exceed: 128 |
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162 | | - | (A) Twenty-five thousand dollars per [nonprofit organization] 129 |
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163 | | - | employer employing a workforce of which between [ten] five and 130 |
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164 | | - | [thirty] twenty per cent, inclusive, consists of such individuals with 131 |
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165 | | - | intellectual disability; and 132 |
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166 | | - | (B) Seventy-five thousand dollars per [nonprofit organization] 133 |
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167 | | - | employer employing a workforce of which more than [thirty] twenty-134 |
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168 | | - | one per cent, but not more than thirty per cent, consists of such 135 |
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169 | | - | individuals with intellectual disability. 136 |
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170 | | - | (b) The Department of Economic and Community Development may 137 |
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171 | | - | enter into an agreement, pursuant to chapter 55a, with a person, firm, 138 |
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172 | | - | corporation or other entity to operate the program established pursuant 139 |
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173 | | - | to this section. 140 |
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174 | | - | (c) The commissioner shall prescribe the form and manner of the 141 |
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175 | | - | application and such application procedure shall include a competitive 142 |
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176 | | - | award process. 143 |
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177 | | - | Sec. 4. Section 32-5a of the general statutes is repealed and the 144 |
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178 | | - | following is substituted in lieu thereof (Effective July 1, 2025): 145 Substitute Bill No. 7165 |
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| 154 | + | LCO No. 5799 5 of 8 |
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| 155 | + | |
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| 156 | + | incentive program to provide grants to [nonprofit organizations] 108 |
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| 157 | + | employers that employ individuals with intellectual disability, as 109 |
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| 158 | + | defined in section 1-1g, who are paid not less than the minimum wage 110 |
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| 159 | + | established by law and are in compliance with competitive integrated 111 |
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| 160 | + | employment, as that term is used in 34 CFR 361.5(c)(9)(i)(D) and 34 CFR 112 |
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| 161 | + | 361.5(c)(9)(ii)(B), as amended from time to time. Such grants shall be 113 |
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| 162 | + | awarded for infrastructure expenditures, [start-up] programmatic costs 114 |
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| 163 | + | or expansion costs. 115 |
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| 164 | + | (2) Any [nonprofit organization] employer that employs, at the time 116 |
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| 165 | + | of application, a workforce of which not less than [ten] five per cent 117 |
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| 166 | + | consists of individuals with intellectual disability, as defined in section 118 |
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| 167 | + | 1-1g, who have been employed for a period of not less than six months 119 |
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| 168 | + | in the previous calendar year may apply for a grant under the program. 120 |
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| 169 | + | (3) Grants awarded pursuant to this section shall not exceed: 121 |
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| 170 | + | (A) Twenty-five thousand dollars per [nonprofit organization] 122 |
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| 171 | + | employer employing a workforce of which between [ten] five and 123 |
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| 172 | + | [thirty] twenty per cent, inclusive, consists of individuals with 124 |
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| 173 | + | intellectual disability; and 125 |
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| 174 | + | (B) Seventy-five thousand dollars per [nonprofit organization] 126 |
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| 175 | + | employer employing a workforce of which more than [thirty] twenty-127 |
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| 176 | + | one per cent, but not more than thirty per cent, consists of individuals 128 |
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| 177 | + | with intellectual disability. 129 |
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| 178 | + | (b) The Department of Economic and Community Development may 130 |
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| 179 | + | enter into an agreement, pursuant to chapter 55a, with a person, firm, 131 |
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| 180 | + | corporation or other entity to operate the program established pursuant 132 |
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| 181 | + | to this section. 133 |
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| 182 | + | (c) The commissioner shall prescribe the form and manner of the 134 |
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| 183 | + | application and such application procedure shall include a competitive 135 |
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| 184 | + | award process. 136 |
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| 185 | + | Raised Bill No. 7165 |
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183 | | - | The Commissioner of Economic and Community Development and 146 |
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184 | | - | the board of directors of Connecticut Innovations, Incorporated shall 147 |
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185 | | - | require, as a condition of any financial assistance provided on and after 148 |
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186 | | - | June 23, 1993, under any program administered by the Department of 149 |
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187 | | - | Economic and Community Development or such corporation to any 150 |
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188 | | - | business organization, except for a business organization that receives 151 |
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189 | | - | any such financial assistance in an amount not more than fifty thousand 152 |
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190 | | - | dollars and is an eligible small business, as defined in section 31-3pp, or 153 |
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191 | | - | under any assistance program that is funded entirely by the federal 154 |
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192 | | - | government, in which case the commissioner may require, that such 155 |
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193 | | - | business organization: (1) Shall not relocate outside of the state for ten 156 |
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194 | | - | years after receiving such assistance or during the term of a loan or loan 157 |
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195 | | - | guarantee, whichever is longer, unless the full amount of the assistance 158 |
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196 | | - | is repaid to the state and a penalty equal to five per cent of the total 159 |
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197 | | - | assistance received is paid to the state, except that this subdivision shall 160 |
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198 | | - | not be applicable to financial assistance by the corporation in the form 161 |
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199 | | - | of an equity investment or other financial assistance, including a 162 |
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200 | | - | convertible or seed loan, with predominantly equity characteristics, and 163 |
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201 | | - | (2) shall, if the business organization relocates within the state during 164 |
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202 | | - | such period, offer employment at the new location to its employees from 165 |
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203 | | - | the original location if such employment is available. For the purposes 166 |
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204 | | - | of subdivision (1) of this section, the value of a guarantee shall be equal 167 |
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205 | | - | to the amount of the state's liability under the guarantee. As used in this 168 |
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206 | | - | section, "financial assistance" does not include any tax credit program 169 |
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207 | | - | administered by the Department of Economic and Community 170 |
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208 | | - | Development or Connecticut Innovations, Incorporated, and "relocate" 171 |
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209 | | - | means the physical transfer of a substantial portion, as determined by 172 |
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210 | | - | the Commissioner of Economic and Community Development, of the 173 |
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211 | | - | operations of a business or any division of a business that independently 174 |
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212 | | - | receives any financial assistance from the state from the location such 175 |
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213 | | - | business or division occupied at the time it accepted the financial 176 |
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214 | | - | assistance to another location. Notwithstanding the provisions of this 177 |
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215 | | - | section, the Commissioner of Economic and Community Development 178 |
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216 | | - | shall adopt regulations in accordance with chapter 54 to establish the 179 |
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217 | | - | terms and conditions of repayment, including specifying the conditions 180 Substitute Bill No. 7165 |
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| 189 | + | LCO No. 5799 6 of 8 |
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| 190 | + | |
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| 191 | + | Sec. 4. Section 32-5a of the general statutes is repealed and the 137 |
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| 192 | + | following is substituted in lieu thereof (Effective July 1, 2025): 138 |
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| 193 | + | The Commissioner of Economic and Community Development and 139 |
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| 194 | + | the board of directors of Connecticut Innovations, Incorporated shall 140 |
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| 195 | + | require, as a condition of any financial assistance provided on and after 141 |
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| 196 | + | June 23, 1993, under any program administered by the Department of 142 |
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| 197 | + | Economic and Community Development or such corporation to any 143 |
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| 198 | + | business organization, except for a business organization that receives 144 |
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| 199 | + | any such financial assistance in an amount not more than fifty thousand 145 |
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| 200 | + | dollars and is an eligible small business, as defined in section 31-3pp, or 146 |
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| 201 | + | under any assistance program that is funded entirely by the federal 147 |
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| 202 | + | government, in which case the commissioner may require, that such 148 |
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| 203 | + | business organization: (1) Shall not relocate outside of the state for ten 149 |
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| 204 | + | years after receiving such assistance or during the term of a loan or loan 150 |
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| 205 | + | guarantee, whichever is longer, unless the full amount of the assistance 151 |
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| 206 | + | is repaid to the state and a penalty equal to five per cent of the total 152 |
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| 207 | + | assistance received is paid to the state, except that this subdivision shall 153 |
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| 208 | + | not be applicable to financial assistance by the corporation in the form 154 |
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| 209 | + | of an equity investment or other financial assistance, including a 155 |
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| 210 | + | convertible or seed loan, with predominantly equity characteristics, and 156 |
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| 211 | + | (2) shall, if the business organization relocates within the state during 157 |
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| 212 | + | such period, offer employment at the new location to its employees from 158 |
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| 213 | + | the original location if such employment is available. For the purposes 159 |
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| 214 | + | of subdivision (1) of this section, the value of a guarantee shall be equal 160 |
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| 215 | + | to the amount of the state's liability under the guarantee. As used in this 161 |
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| 216 | + | section, "financial assistance" does not include any tax credit program 162 |
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| 217 | + | administered by the Department of Economic and Community 163 |
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| 218 | + | Development or Connecticut Innovations, Incorporated, and "relocate" 164 |
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| 219 | + | means the physical transfer of a substantial portion, as determined by 165 |
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| 220 | + | the Commissioner of Economic and Community Development, of the 166 |
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| 221 | + | operations of a business or any division of a business that independently 167 |
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| 222 | + | receives any financial assistance from the state from the location such 168 |
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| 223 | + | business or division occupied at the time it accepted the financial 169 |
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| 224 | + | Raised Bill No. 7165 |
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222 | | - | under which repayment may be deferred, following a determination by 181 |
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223 | | - | the commissioner of a legitimate hardship. 182 |
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224 | | - | Sec. 5. Subsection (a) of section 32-228 of the general statutes is 183 |
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225 | | - | repealed and the following is substituted in lieu thereof (Effective July 1, 184 |
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226 | | - | 2025): 185 |
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227 | | - | (a) The Commissioner of Economic and Community Development 186 |
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228 | | - | may, with the approval of the Commissioner of Administrative Services, 187 |
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229 | | - | the Secretary of the Office of Policy and Management and the State 188 |
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230 | | - | Properties Review Board, sell, exchange, lease or enter into agreements 189 |
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231 | | - | concerning any real property belonging to the state and transferred to 190 |
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232 | | - | the custody and control of the Department of Economic and 191 |
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233 | | - | Community Development. The commissioner shall require, as a 192 |
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234 | | - | condition of any sale, exchange, lease or agreement entered into 193 |
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235 | | - | pursuant to this section, that such real property be used primarily for 194 |
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236 | | - | manufacturing or economic base businesses, [or for] business support 195 |
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237 | | - | services or cultural or historical attractions or sites. Prior to any such 196 |
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238 | | - | sale, exchange, lease or agreement, the commissioner shall consult with 197 |
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239 | | - | each municipality in which the land, improvement or interest is located. 198 |
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240 | | - | Sec. 6. (NEW) (Effective July 1, 2025) The state, acting through the 199 |
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241 | | - | Department of Economic and Community Development or any other 200 |
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242 | | - | state agency, governmental entity or the private sector, may, within 201 |
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243 | | - | available appropriations, provide financial assistance, lend staff or 202 |
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244 | | - | provide other in-kind contributions to AdvanceCT Foundation, Inc. 203 |
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| 228 | + | LCO No. 5799 7 of 8 |
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| 229 | + | |
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| 230 | + | assistance to another location. Notwithstanding the provisions of this 170 |
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| 231 | + | section, the Commissioner of Economic and Community Development 171 |
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| 232 | + | shall adopt regulations in accordance with chapter 54 to establish the 172 |
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| 233 | + | terms and conditions of repayment, including specifying the conditions 173 |
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| 234 | + | under which repayment may be deferred, following a determination by 174 |
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| 235 | + | the commissioner of a legitimate hardship. 175 |
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| 236 | + | Sec. 5. Subsection (a) of section 32-228 of the general statutes is 176 |
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| 237 | + | repealed and the following is substituted in lieu thereof (Effective July 1, 177 |
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| 238 | + | 2025): 178 |
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| 239 | + | (a) The Commissioner of Economic and Community Development 179 |
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| 240 | + | may, with the approval of the Commissioner of Administrative Services, 180 |
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| 241 | + | the Secretary of the Office of Policy and Management and the State 181 |
---|
| 242 | + | Properties Review Board, sell, exchange, lease or enter into agreements 182 |
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| 243 | + | concerning any real property belonging to the state and transferred to 183 |
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| 244 | + | the custody and control of the Department of Economic and 184 |
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| 245 | + | Community Development. The commissioner shall require, as a 185 |
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| 246 | + | condition of any sale, exchange, lease or agreement entered into 186 |
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| 247 | + | pursuant to this section, that such real property be used primarily for 187 |
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| 248 | + | manufacturing or economic base businesses, [or for] business support 188 |
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| 249 | + | services or cultural or historical attractions or sites. Prior to any such 189 |
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| 250 | + | sale, exchange, lease or agreement, the commissioner shall consult with 190 |
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| 251 | + | each municipality in which the land, improvement or interest is located. 191 |
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| 252 | + | Sec. 6. (NEW) (Effective July 1, 2025) The state, acting through the 192 |
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| 253 | + | Department of Economic and Community Development or any other 193 |
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| 254 | + | state agency, governmental entity or the private sector, may, within 194 |
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| 255 | + | available appropriations, provide financial assistance, lend staff or 195 |
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| 256 | + | provide other in-kind contributions to AdvanceCT Foundation, Inc. 196 |
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