CT HB05518

Requires awarding authorities (Commissioner of Economic and Community Development and Connecticut Innovations, Incorporated board) to consider whether applicants for economic development financial assistance or their principals are subject to civil litigation for debt or have unpaid taxes to the state or municipality when determining grant eligibility.

Defines "economic development financial assistance" as grants, loans, loan guarantees, or combinations thereof, or tax credits provided to businesses for economic development purposes.

Defines "threshold project" as projects where businesses with 25+ full-time employees request $250,000+ in grants or combined grant/loan assistance, or businesses with 100+ full-time employees request $1,000,000+ in loans or loan guarantees.

Effective October 1, 2014.