Connecticut § 32-41oo - Program to incentivize formation of new venture capital funds.
Full text of Connecticut Connecticut General Statutes § 32-41oo — Program to incentivize formation of new venture capital funds., with citation guidance and answers to common questions.
§ 32-41oo. Program to incentivize formation of new venture capital funds.
Sec. 32-41oo. Program to incentivize formation of new venture capital funds. The chief executive officer of Connecticut Innovations, Incorporated may establish a program to incentivize the formation of at least one new venture capital fund in the state. Connecticut Innovations, Incorporated may invest up to ten million dollars only if private investors invest at least one and one-half times the amount Connecticut Innovations, Incorporated pledges to invest in a new fund. Any such fund shall be subject to the following requirements:
(1) The amounts invested by Connecticut Innovations, Incorporated pursuant to this section shall be invested in start-up and growth stage companies located in the state. Such requirement shall not apply to the amounts invested by private investors pursuant to this section;
(2) The investor or the managing venture capital firm managing such fund shall have an office located in the state; and
(3) Any partner in a fund established under this subdivision may buy, after five years from the date of the establishment of the fund, Connecticut Innovations, Incorporated's equity stake in the fund plus interest at an annual rate agreed upon by the partner and the executive director.
(P.A. 18-178, S. 49.)
History: P.A. 18-178 effective July 1, 2018.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 32-41oo
What does Connecticut General Statutes § 32-41oo cover?
Section 32-41oo ("Program to incentivize formation of new venture capital funds.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 32-41oo?
A common citation format is "Connecticut General Statutes § 32-41oo" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 32-41oo apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.