Sec. 32-270. Selection of regional corporations.
Sec. 32-270. Selection of regional corporations. The authority shall select, from
among eligible applicants, regional corporations on the basis of:
(1) The ability of the regional corporation to administer a regional revolving loan
fund authorized under sections 32-271 to 32-284, inclusive, or to enter into participating
agreements with small business lending corporations;
(2) The extent of coordination with other publicly supported financial assistance
programs available within the region represented by the regional corporation;
(3) The degree of public and private support within the region for the applicant
regional corporation; and
(4) The ability of the regional corporation to provide financial and other assistance
to businesses located in distressed areas within the region.
(P.A. 92-236, S. 11, 48.)