CT SB00128

Establishes a task force to study economic development and state welfare, focusing on financing availability for businesses unable to obtain loans due to banking system liquidity issues.

Task force to examine methods for encouraging business growth and retention, stimulating job creation and regional development, and increasing state and municipal tax revenue.

Task force composition includes 11 members: two each appointed by House Speaker and Senate President Pro Tempore, one each by House and Senate majority and minority leaders, the Banking Commissioner, and two Governor appointees.

All appointments must be made within 30 days of the act's effective date, with the first task force meeting scheduled within 60 days.

Task force must submit findings and recommendations to the joint standing committee on banks by January 1, 2015, and terminates upon submission of the report or January 1, 2015, whichever is later.