Sec.32-36-6. Financial aid agreement

(a) As part of the consideration for the Corporation providing financial aid to a person, that person shall enter into a financial aid agreement jointly with the Corporation.

(b) Each such financial aid agreement shall, at least, include terms and conditions relating to the following:

(1) The identity of the parties to the Agreement;

(2) A definition of the project which is to be performed with the financial aid that is being provided by the Corporation;

(3) The dates of commencement and completion of the project;

(4) The amount of financial aid which the person and the Corporation shall each contribute towards the cost of performing the project;

(5) The manner in which the financial aid being provided by the Corporation shall be repaid to the Corporation;

(6) The method which the Corporation shall employ to monitor the performance of the project;

(7) Methods by which termination of the project may be effected;

(8) Requirements that the benefits of increased employment and tax revenues derived from the project shall remain in and accrue to the State of Connecticut;

(9) Inclusion of all relevant Executive Orders;

(10) Signatures in behalf of the person, the Corporation, and any other appropriate parties.

(Effective February 22, 1979)