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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) The Department of Economic and Community Development is authorized on behalf of the state to make any determination or certification required by the provisions of either of said acts or regulations promulgated under the provisions thereof.
(b) The Department of Economic and Community Development is authorized, on behalf of the state, to reimburse small business development centers in amounts up to one-half the nonfederal share of the cost of providing applicants for Small Business Administration and business loan programs of other federal agencies, particularly economic opportunity loans and Section 502 loans, with necessary technical, advisory, management or other counseling assistance up to a maximum amount of ten thousand dollars per annum. If no federal support is available, the Department of Economic and Community Development is authorized on behalf of the state to reimburse each of such small business development centers for up to one-half of the cost of providing the above-described services, in amounts not exceeding ten thousand dollars per annum. Any small business development center receiving such state assistance shall apply to the Department of Economic and Community Development for such reimbursement with all appropriate documentation needed to support such application.
Cite this article: FindLaw.com - Connecticut General Statutes Title 8. Zoning, Planning, Housing and Economic and Community Development § 8-167. Department of Economic and Community Development to act for state. Reimbursement of small business development centers - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-8-zoning-planning-housing-and-economic-and-community-development/ct-gen-st-sect-8-167/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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