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Connecticut · Through Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)

Conn. Gen. Stat. § 32-703: Lien on security. Exception.

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Where this section sits in the code
  1. TITLE 32. COMMERCE AND ECONOMIC AND COMMUNITY DEVELOPMENT
  2. CHAPTER 588aa. STATE ASSISTANCE FOR ECONOMIC DEVELOPMENT

If the terms and conditions of an agreement for state assistance, except an agreement for grants only, provide for security, the awarding authority providing such state assistance shall have a lien on such security in an amount equal to the amount that is due on such state assistance or other appropriate security for such financial assistance. Any such lien shall have priority over all other subsequent liens except state tax liens, except if the awarding authority determines it is not in the best interests of the state to have such priority. The awarding authority shall notify the State Bond Commission or the appropriate board of directors, if any, of such determination.

Collected 2026-09-06T19:07:11Z. Source file · JSON

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