The corporation shall select, from among eligible applicants, regional corporations on the basis of:(1) The ability of the regional corporation to administer a regional revolving loan fund authorized under sections 32-271 to 32-284, inclusive, or to enter into participating agreements with small business lending corporations;(2) The extent of coordination with other publicly supported financial assistance programs available within the region represented by the regional corporation;(3) The degree of public and private support within the region for the applicant regional corporation; and(4) The ability of the regional corporation to provide financial and other assistance to businesses located in distressed areas within the region.(P.A. 92-236, S. 11, 48; June 12 Sp. Sess. P.A. 12-1, S. 152.)History: Pursuant to June 12 Sp. Sess. P.A. 12-1, 'authority' was changed editorially by the Revisors to 'corporation', effective July 1, 2012.
Connecticut Legal Code
§ 32.270
Connecticut Title 32 — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_588n.htm#sec_32-270· Version 2026