The corporation 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; June 12 Sp. Sess. P.A. 12-1, S. 152.)
History: Pursuant to June 12 Sp. Sess. P.A. 12-1, “authority” was changed editorially by the Revisors to “corporation”, effective July 1, 2012.
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