Connecticut HB05244 repeals financial assistance caps and prohibits employment promissory notes.
Connecticut HB05244 repeals financial assistance caps set by the Department of Economic and Community Development, removing limits on the total amount of financial assistance that can be awarded to applicants or for business projects. It also prohibits employers from requiring employees to execute promissory notes as a condition of employment, declaring such notes void and against public policy. This act takes effect on July 1, 2026.
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