Section 10-407 - (Formerly Sec. 10-373p). Matching grants: Eligibility criteria, amounts(a) To be eligible for a matching grant for a fiscal year pursuant to this section and section 10-408, total donor contributions for the fiscal year for which such amount is calculated shall be not less than fifteen thousand dollars.(b) For the portion of total donor contributions for the fiscal year which is equal to fifteen thousand dollars or more but does not exceed the total donor contributions for the prior fiscal year, there shall be a match of twenty-five per cent of such amount, provided no match pursuant to this subsection shall exceed two hundred fifty thousand dollars.(c) For the portion of total donor contributions for the fiscal year which exceeds the total donor contributions for the prior fiscal year, there shall be a match of one hundred per cent of such amount, provided no match pursuant to this subsection shall exceed one million dollars.(d) If in any fiscal year the total amount of matching grants to be paid pursuant to the provisions of this section and section 10-408, exceed the amount available for payments to arts organizations pursuant to section 10-406, all such matching grants shall be reduced on a pro rata basis.Conn. Gen. Stat. § 10-407
(P.A. 88-355, S. 4, 8; P.A. 89-237, S. 6, 11; P.A. 93-353, S. 42, 52; P.A. 94-245, S. 17, 46; May Sp. Sess. P.A. 16-3, S. 33; P.A. 17-213, S. 2.)
Amended by P.A. 17-0213, S. 2 of the Connecticut Acts of the 2017 Regular Session, eff. 7/1/2017.Amended by P.A. 16-0003, S. 33 of the Connecticut Acts of the 2016 Special Session, eff. 7/1/2016.