(a) Notwithstanding any provision of the general statutes, the Secretary of the Office of Policy and Management may acquire, purchase or otherwise procure air pollution emission reduction credits certified by the Commissioner of Energy and Environmental Protection pursuant to section 22a-174f on such terms as the secretary may deem appropriate. The secretary, with the concurrence of the Commissioner of Economic and Community Development and the Commissioner of Energy and Environmental Protection, may establish procedures regarding the state's procurement and transfer of such credits as may be necessary. Any procurement, transfer or other use of such credits shall comply with the federal Clean Air Act and any regulations, requirements and guidance issued by the United States Environmental Protection Agency or the Department of Energy and Environmental Protection regarding emission reduction credits.
(b) All moneys received by the department in consideration for air pollution emission reduction credits previously acquired by the secretary and transferred hereunder, including but not limited to lease payments, licensee fees and payments of principal and interest on any loans or purchase money obligations, shall be paid over to the Office of Policy and Management and credited to the program to be administered by the secretary under this section. Any additional credits procured with such moneys shall be held as part of such program and shall be available to the secretary to provide financial assistance as set forth in section 32-242 in accordance with the procedures established by the secretary pursuant to subsection (a) of this section. Any balance remaining in such program at the end of any fiscal year shall be carried forward in the program for the fiscal year next succeeding.
(c) Notwithstanding any provision of the general statutes, any administrative expenses or any other costs of the secretary in carrying out the purposes of this section may be paid from the resources of such program.
(May Sp. Sess. P.A. 94-2, S. 13, 203; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; P.A. 11-80, S. 1.)
History: May Sp. Sess. P.A. 94-2, S. 13, effective July 1, 1994; P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Economic Development with Commissioner and Department of Economic and Community Development; pursuant to P.A. 11-80, “Commissioner of Environmental Protection” and “Department of Environmental Protection” were changed editorially by the Revisors to “Commissioner of Energy and Environmental Protection” and “Department of Energy and Environmental Protection”, respectively, effective July 1, 2011.
Structure Connecticut General Statutes
Title 32 - Commerce and Economic and Community Development
Chapter 588l - Economic Development and Manufacturing Assistance
Section 32-220. - Short title: Economic Development and Manufacturing Assistance Act of 1990.
Section 32-221. - Declaration of policy.
Section 32-222. - Definitions.
Section 32-223. - Application for financial assistance. Projects exempt from application.
Section 32-225. - Acquisition and transfer of real property. General powers of agency.
Section 32-226. - Furnishing of municipal services to other municipalities.
Section 32-230. - Economic Assistance Bond Fund.
Section 32-231. - Economic Assistance Revolving Fund.
Section 32-233. - Broad interpretation of powers.
Section 32-234. - Regulations.
Section 32-237. - Assistance for defense manufacturers' suppliers and other manufacturers.
Section 32-238. - Next generation manufacturing competitiveness enhancement program.
Section 32-238a. - Green manufacturing pilot program.
Section 32-240. - Grants for establishment of flexible manufacturing networks. Reports.
Section 32-241. - Bond authorization.
Section 32-242. - Air pollution emission reduction credits. Program.
Section 32-242a. - Purchase of air pollution emission reduction credits.
Section 32-244a. - Applicability of Freedom of Information Act to certain information.