Page 204
House Bill No. 5506
Public Act No. 22-118 204 of 739
(NEW) (h) The commissioner may contract with nongovernmental entities, including, but not limited to, nonprofit organizations, economic and community development organizations, lending institutions, and technical assistance providers to carry out the provisions of this section. Sec. 155. Section 32-4p of the 2022 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage): (a) [For the fiscal years ending June 30, 2022, to] On and after July 1, 2021, and until June 30, 2024, [inclusive,] the Commissioner of Economic and Community Development, in coordination with the Secretary of the Office of Policy and Management, may, for the purposes of implementing the state's Economic Action Plan, use bond funds, funding received as a result of the American Rescue Plan Act of 2021, P.L. 117-2, as amended from time to time, and available resources, to provide (1) not more than one hundred million dollars in the aggregate for grants in support of major projects selected pursuant to subsection (b) of this section, and (2) [matching grants] not more than one hundred million dollars in the aggregate for community development grants awarded pursuant to subsection (c) of this section. Total funding for grants provided pursuant to subsections (b) and (c) of this section shall not exceed two hundred million dollars in the aggregate. (b) On and after July 1, 2021, and until [July 1] June 30, 2024, the Department of Economic and Community Development may [develop and issue requests for proposals] establish an Innovation Corridor program, which shall provide grants for major projects in the state. The department shall develop a competitive application process and criteria consistent with the purposes of the state's Economic Action Plan to (1) evaluate [proposals] applications submitted pursuant to this subsection, and (2) select [proposals] projects for funding pursuant to subdivision (1) of subsection (a) of this section.