Sec. 32-229. Conditions re relocation of certain business which received state financial assistance.
Sec. 32-229. Conditions re relocation of certain business which received state
financial assistance. Notwithstanding the provisions of section 32-5a, the commissioner may establish a time period during which a manufacturing or economic base
business receiving financial assistance before July 1, 1996, in connection with a municipal or business development project under sections 32-220 to 32-234, inclusive, shall
not relocate outside of the state. Such time period shall be more than three years. The
commissioner may take such action as he deems necessary or appropriate to enforce
such obligation including establishment of terms and conditions for repayment of any
financial assistance given under section 32-223. The provisions of section 32-5a shall
apply to any such financial assistance given on or after said date under section 32-223.
(P.A. 90-270, S. 10, 38; P.A. 96-264, S. 3, 8.)
History: P.A. 96-264 limited application of existing provisions to financial assistance received before July 1, 1996, and
applied provisions of Sec. 32-5a to financial assistance given on or after said date under Sec. 32-223, effective July 1, 1996.