Regulations of Connecticut State Agencies
"Authority" means the Connecticut Development Authority.
"Affiliate" means a business concern which directly controls or is controlled by another business concern, or a third party which controls both business concerns.
"Commissioner" means the Commissioner of Economic Development.
"Connecticut Content" means that part of the total value of exported goods which contains or represents Connecticut source components, labor or intellectual property.
"Control" means, for the purpose of these regulations, either (a) the ownership by a party of more than fifty percent (50%) of the assets, partnership interests or total combined voting power of all classes of stock entitled to vote of another party or (b) if the stockholders individually holding ten percent (10%) or more, owners, partners, officers, directors or employees of one party constitute a majority of the ownership, partnership interests or Board of Directors of another party.
"Department" means the Department of Economic Development.
"Distressed Municipality" shall be construed as defined in subsection (b) of section 32-9p of the general statutes.
"Eligible Connecticut Based Manufacturer" means a manufacturer organized under the laws of Connecticut or having its principal place of business in Connecticut, and having, together with all of its affiliates, gross annual sales of less than twenty-five million dollars or, in the case of any other manufacturer which is new-to-export or new-to-market, fifty million dollars.
"Export" means the sale or lease of goods destined for use outside the United States.
"Export Contract," for the purpose of these regulations, shall mean a contract for the exportation of goods, including, without limitation, confirmed purchase orders.
"Export Receivable" means any money due to an eligible Connecticut based manufacturer for merchandise sold or leased or services performed under an export contract.
"Manufacturer" means any person or entity engaged in manufacturing, processing or assembling raw materials or manufactured products, including the wholesale distribution of such products, or in the significant servicing, overhauling or rebuilding of such products.
"Net Commercial Exposure" means, for the purpose of these regulations, the total risk incurred with respect to an export contract less any portion of such risk insured or guaranteed by domestic United States insurers of foreign credit or transactions.
"New-to-Export" means a concern having gross annual sales of less than ten thousand dollars from export in each of its previous two fiscal years prior to approval of a guarantee or direct loan hereunder.
"New-to-Market" means a concern having gross annual sales of less than ten thousand dollars from export to a particular foreign country in each of its previous two fiscal years prior to approval of a guarantee or direct loan hereunder.
"Pre-Export" means the cost and expenses related to the acquisition or production, financing and shipment of exported goods, which are being exported under contract.
"Post-Export" means the financing of sale or lease of exported goods after shipment from the United States.
"United States" means the states, the District of Columbia, Puerto Rico and the possessions of the United States.
(Effective May 22, 1987)