Sec. 10-397a. Assets and liabilities of former tourism districts.

      Sec. 10-397a. Assets and liabilities of former tourism districts. (a) As used in this section:

      (1) "Commission" means the Connecticut Commission on Culture and Tourism created by section 10-392;

      (2) "Executive director" means the executive director of the Connecticut Commission on Culture and Tourism appointed pursuant to section 10-393;

      (3) "Former tourism district" means the tourism districts, as defined in section 32-302 of the general statutes, revision of 1958, revised to January 1, 2003; and

      (4) "Regional tourism district" means one of the five regional tourism districts created by section 10-397.

      (b) Any former tourism district having a cash surplus, after accounting for all liabilities, may distribute such surplus to the regional tourism district or districts serving the towns formerly served by such district. Any distribution shall be divided among the new district or districts in accordance with the following schedule:

Former DistrictNew District(s) NortheasternEastern (100%) SoutheasternEastern (100%) North CentralCentral (100%) Greater HartfordCentral (95%)
Northwestern (5%) Central ConnecticutCentral (80%)
South Central (20%) Connecticut ValleyCentral (60%)
South Central (40%) Greater New HavenSouth Central (67%)
Northwestern (20%)
Southwestern (13%) Litchfield HillsNorthwestern (100%) Housatonic ValleyNorthwestern (100%) Greater WaterburyNorthwestern (100%) Greater FairfieldSouthwestern (100%)

      (c) Any former tourism district may, with the approval of the executive director, transfer noncash assets, including fixed assets and leases, to a regional tourism district or districts serving the towns formerly served by such district.

      (d) Any regional tourism district may, by vote of its board of directors and with the approval of the commission, assume the liabilities of a former tourism district that served all or part of the area served by the new district. No such assumption shall be approved unless (1) the regional district's approved budget makes provision for the costs arising from the assumption of liability; and (2) the commission finds that the proposed assumption of liability is fair and equitable.

      (P.A. 04-205, S. 3.)

      History: P.A. 04-205 effective June 3, 2004 (Revisor's note: The statutory reference contained in Subsec. (a)(4) was changed editorially by the Revisors to "section 10-397" for accuracy).