Section 8-219e-6 - Contract for financial assistance(a) Following approval of the State Bond commission pursuant to the provisions of Section 3-20 of the Connecticut General Statutes, the State, acting by and through the Commissioner, may enter into a contract with a developer for financial assistance for project(s) in an amount not in excess of two-thirds of the cost of the project(s) as approved by the Commissioner.(b) Such contract(s) shall include but not be limited to the amount and form of financial assistance to be provided and the rights and obligations of the parties under the contract(s).(c) A lien shall be filed on all property for which the State has provided financial assistance. The Commissioner may subordinate the State's lien if the level of state financial assistance so warrants.(d) In addition to whatever remedies exist in the contract, the developer shall, upon demand by the Commissioner, pay back to the State the full amount of any financial assistance provided under this program, if the Commissioner determines that: (1) Reasonable progress in the development of the activity, as submitted pursuant to Section 8-219e-4, has not been made; or(2) The financial assistance has been used for purposes other than the abatement of hazardous material or eligible technical assistance; or(3) The developer has amended its purpose or the activity so that it no longer conforms with that originally submitted and approved.Conn. Agencies Regs. § 8-219e-6
Effective October 19, 1995