{"data":{"id":"us-ct/conn.-gen.-stat.-32-603","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 32-603","heading":"Adoption of procedures.","body":"The board of directors of the Capital Region Development Authority shall adopt written procedures, in accordance with the provisions of section 1-121, for: (1) Adopting an annual budget and plan of operations, which shall include a requirement of board approval before the budget or plan may take effect; (2) hiring, dismissing, promoting and compensating employees of the authority, which shall include an affirmative action policy and a requirement of board approval before a position may be created or a vacancy filled; (3) acquiring real and personal property and personal services, which shall include a requirement of board approval for any nonbudgeted expenditure in excess of five thousand dollars; (4) contracting for financial, legal, bond underwriting and other professional services which shall include a requirement that the authority solicit proposals at least once every three years for each such service which it uses; (5) issuing and retiring bonds, notes and other obligations of the authority; (6) providing financial assistance, which shall include eligibility criteria, the application process and the role played by the authority's staff and board of directors; and (7) the use of surplus funds.","path":["TITLE 32. COMMERCE AND ECONOMIC AND COMMUNITY DEVELOPMENT","CHAPTER 588x. CAPITAL REGION DEVELOPMENT AUTHORITY"],"source_url":"https://www.cga.ct.gov/current/pub/chap_588x.htm#sec_32-603","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:11Z","sha256":"778a16ea11bcbd71c4d4252548c7b11ff05d67cfa4bc1957450b190d0354a4d7","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-32-602a","next":"us-ct/conn.-gen.-stat.-32-604"},"notice":"GroundRules: Original legal text. Not legal advice."}