- (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)