Bill Text: CT HB05405 | 2014 | General Assembly | Introduced

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Bill Title: An Act Concerning Legislative Approval Of First Five Plus Program Investments.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2014-03-07 - Public Hearing 03/11 [HB05405 Detail]

Download: Connecticut-2014-HB05405-Introduced.html

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General Assembly		Raised Bill No. 5405
February Session, 2014		LCO No. 1503
		*01503_______CE_*
Referred to Committee on COMMERCE
Introduced by:
(CE)

AN ACT CONCERNING LEGISLATIVE APPROVAL OF FIRST FIVE PLUS PROGRAM INVESTMENTS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Section 32-4l of the 2014 supplement to the general statutes is amended by adding subsection (e) as follows (Effective from passage):

(NEW) (e) Notwithstanding subsection (b) of this section, on and after the effective date of this subsection, financial assistance awarded under the first five plus program for eligible business development projects shall be subject to the provisions of section 32-462 and subsection (q) of section 32-9t.

This act shall take effect as follows and shall amend the following sections:
Section 1	from passage	32-4l

Statement of Purpose:

To make the first five plus program subject to the legislative approval provisions of sections 32-462 and 32-9t of the general statutes.

[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.]