Sec. 8-119dd. State assistance to authorities, municipal developers, nonprofit corporations and housing partnerships.
Sec. 8-119dd. State assistance to authorities, municipal developers, nonprofit
corporations and housing partnerships. (a) Upon preliminary approval by the State
Bond Commission pursuant to the provisions of section 3-21, the state, acting by and
through the Commissioner of Economic and Community Development, may enter into
a contract or contracts with a housing authority, municipal developer or nonprofit corporation, or a partnership which includes a housing authority, municipal developer or
nonprofit corporation, for state financial assistance for a rental housing project or projects for low income families in the form of grants or deferred loans.
(b) Grants or deferred loans made by the state under the authorization of this section
shall be in an amount not in excess of the development cost of the projects as approved
by the commissioner.
(P.A. 86-362, S. 3, 10; P.A. 87-436, S. 10, 23; P.A. 88-180, S. 1, 6; P.A. 93-309, S. 20, 29; 93-435, S. 75, 95; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; P.A. 06-93, S. 13.)
History: P.A. 87-436 amended Subsec. (a) to authorize state to enter into contracts with municipal developers; P.A.
88-180 authorized assistance in the form of grants or deferred loans and provided for assistance to certain housing partnerships; P.A. 93-309 added new Subsec. (c) prohibiting the commissioner of housing, on and after July 1, 1994, or the
effective date of regulations adopted under Sec. 8-437, from accepting applications for housing developments that qualify
for financial assistance under Sec. 8-433, effective July 1, 1993; P.A. 93-435 amended Subsec. (c) by deleting reference
to "July 1, 1994," re the deadline for the receipt by the commissioner of housing of certain applications for state financial
assistance, and made technical changes, effective July 1, 1993; P.A. 95-250 and P.A. 96-211 replaced Commissioner and
Department of Housing with Commissioner and Department of Economic and Community Development; P.A. 06-93
deleted former Subsec. (c) re regulations and application to program repealed by the same act.