Sec.8-218c-30. Definitions

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The following definitions apply to Sections 8-218c-30 through 8-218c-32 of the Regulations of Connecticut State Agencies:
(a) "Developers' Fee" means a bonus earned by developers that have, as determined by the commissioner, demonstrated successful project performance.
(b) "Project Cost" means the amount of financial assistance approved by the state bond commission, not including the developer's fee, for the expenses of acquisition, development, project selection, construction, rehabilitation, renovation and oversight of existing or planned low and moderate income housing or to make loans for construction, rehabilitation and renovation of such housing.

(Effective July 24, 1996)

                    
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