Connecticut Administrative Code
Title 32 - Commerce and Economic and Community Development
9q - Implementation of Employment Incentive Loan Program and Economic Development Loan Program under Section 32-9q of the General Statutes
Section 32-9q-3 - Economic development loans
Universal Citation: CT Reg of State Agencies 32-9q-3
Current through March 14, 2024
(a) The department may make loans to any non-profit state development corporation or local development corporation for any economic development purpose determined to be worthwhile by the commissioner.
(b) The aggregate of such loans shall not exceed five hundred thousand dollars.
(c) such loans may be made for any developmental purpose, including but not limited to working capital, start-up and fixed assets.
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