Sec. 32-270. Selection of regional corporations. - Connecticut Statutes

      Sec. 32-270. Selection of regional corporations. The authority 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.)