Loading chat...
CT HB05278
Bill
Status
2/28/2018
Primary Sponsor
Commerce Committee
Click for details
AI Summary
-
Expands the definition of "small contractor" to include contractors with principal places of business in distressed municipalities, allowing them to have gross revenues up to $30 million instead of the standard $15 million limit.
-
Maintains the existing $15 million gross revenue threshold for contractors with principal places of business outside distressed municipalities to qualify as small contractors.
-
Applies the $30 million affiliation threshold to contractors located in distressed municipalities when determining if affiliated entities combined exceed the revenue limit.
-
Takes effect October 1, 2018 and amends section 4a-60g(a)(1) of the Connecticut General Statutes.
Legislative Description
An Act Concerning The Eligibility Of Certain Contractors Located In Distressed Municipalities Under The Set-aside Program For Small Contractors And Minority Business Enterprises.
Last Action
File Number 435
4/12/2018