Regulations of Connecticut State Agencies
(a) Schedule of the state’s contribution for projects initiated by municipalities shall be as follows:
|
Acres of active agricultural land within three mile radius of project, excluding project |
State’s contribution |
|
|
1,000 acres or more |
75% of value or $600,000, whichever is less |
|
|
800 – 999 acres |
65% of value or $500,000, whichever is less |
|
|
600 – 799 acres |
55% of value or $400,000, whichever is less |
|
|
400 – 599 acres |
45% of value or $300,000, whichever is less |
|
|
200 – 399 acres |
25% of value or $200,000, whichever is less |
|
|
0 – 199 acres |
10% of value or $100,000, whichever is less |
(b) The Commissioner shall set aside an amount from the available funds as projects are approved and the value of development rights for such projects have been determined by appraisals.
(c) The total of municipal and state payments to applicants cannot exceed the value of development rights as determined by property appraisals done for the project on behalf of the Commissioner.
(Effective August 21, 1991)