Sec. 8-164. Authority to participate in federal act.
Sec. 8-164. Authority to participate in federal act. Any board, commission,
agency or department of this state, any municipality or political subdivision of this
state, individually or with any other municipality or political subdivision, any regional
planning agency, or any municipal economic development commission or any regional
economic development commission, state or local development company, any corporation or any individual, in addition to any other powers possessed by them and notwithstanding the provisions of any section of the general statutes, any special act or any
certificate of incorporation, is authorized:
(1) To make application for any loans, grants or assistance under either the Public
Works and Economic Development Act or the Small Business Investment Act;
(2) To enter into any agreements, contracts and assistance agreements necessary or
desirable pursuant to the provisions of said acts;
(3) To accept loans, grants and assistance offered by the federal government under
said acts;
(4) To make appropriations and to issue bonds, notes, debentures or other evidences
of indebtedness for loans received pursuant to the provisions of said acts or for defraying
the cost of the nonfederal share of industrial or business projects;
(5) To make appropriations and loans to state or local development companies for
industrial or business projects;
(6) To accept any advantage and to do anything necessary or desirable for as full
and complete a participation under the provisions of said acts as is allowed under said
acts or under regulations promulgated by the administrator of any program established
pursuant to said acts.
(1961, P.A. 602, S. 2; 1963, P.A. 556; February, 1965, P.A. 619, S. 2; 1967, P.A. 223, S. 2.)
History: 1963 act added authority to make appropriations to Subdiv. (4); 1965 act included regional planning agencies,
municipal and regional economic development commissions, and state or local development companies, amended Subdiv.
(1) to refer to the "Area Redevelopment Act or the Small Business Investment Act" instead of the "federal act," amended
Subdiv. (4) to authorize the issuance of bonds and to provide for defraying the cost of the nonfederal share of industrial
or business projects, and added Subdiv. (5); 1967 act substituted Public Works and Economic Development Act for Area
Redevelopment Act.