Sec. 8-186. Declaration of policy.
Sec. 8-186. Declaration of policy. It is found and declared that the economic welfare of the state depends upon the continued growth of industry and business within the
state; that the acquisition and improvement of unified land and water areas and vacated
commercial plants to meet the needs of industry and business should be in accordance
with local, regional and state planning objectives; that such acquisition and improvement
often cannot be accomplished through the ordinary operations of private enterprise at
competitive rates of progress and economies of cost; that permitting and assisting municipalities to acquire and improve unified land and water areas and to acquire and improve
or demolish vacated commercial plants for industrial and business purposes and, in
distressed municipalities, to lend funds to businesses and industries within a project
area in accordance with such planning objectives are public uses and purposes for which
public moneys may be expended; and that the necessity in the public interest for the
provisions of this chapter is hereby declared as a matter of legislative determination.
(1967, P.A. 760, S. 1; 1972, P.A. 87, S. 1; P.A. 74-184, S. 1, 10; P.A. 75-480, S. 1, 8; P.A. 84-243, S. 1.)
History: 1972 act included vacated commercial plants in provisions of section; P.A. 74-184 allowed demolition of
vacated commercial plants as well as acquisition or improvement; P.A. 75-480 included water areas in provisions of section;
P.A. 84-243 included reference to use of funds for loans in distressed municipalities.
Cited. 184 C. 51. Cited. 206 C. 579. A unified land and water area is one that exists because of the combination of
separate land parcels into a unitary development scheme and is not limited to vacant land and includes developed or
occupied land. 268 C. 1.
Cited. 35 CS 157.