Connecticut General Statutes 32-772 – Board of directors
(a) The powers of a Connecticut brownfield land bank shall be vested in and exercised by a board of directors that shall consist of not less than five and not more than eleven members, each with knowledge and expertise in matters related to the purposes and activities of a Connecticut brownfield land bank, as established in § 32-773. The board shall elect from its members a chairperson and such other officers as it deems necessary and shall adopt such bylaws and procedures it deems necessary to carry out its functions. The board may establish committees and subcommittees as necessary to conduct its business.
Terms Used In Connecticut General Statutes 32-772
- Brownfield: means any abandoned or underutilized site where redevelopment, reuse or expansion has not occurred due to the presence or potential presence of pollution in the buildings, soil or groundwater that requires investigation or remediation before or in conjunction with the redevelopment, reuse or expansion of the property. See Connecticut General Statutes 32-760
- Connecticut brownfield land bank: means a Connecticut nonstock corporation, certified by the Commissioner of Economic and Community Development pursuant to §. See Connecticut General Statutes 32-760
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Person: means any individual, firm, partnership, association, syndicate, company, trust, corporation, nonstock corporation, limited liability company, municipality, economic development agency, agency or political or administrative subdivision of the state or any other legal entity. See Connecticut General Statutes 32-760
- State: means the state of Connecticut. See Connecticut General Statutes 32-760
(b) Notwithstanding any provision of the general statutes, any public officer shall be eligible to serve as a member of the board of directors and the acceptance of the appointment shall neither terminate nor impair such public office. For purposes of this section, “public officer” means a person who is elected or appointed to any state or municipal office. Any state or municipal employee shall be eligible to serve as a board member.
(c) Members of the board of directors shall have the power to organize and reorganize the executive, administrative, clerical and other departments of a Connecticut brownfield land bank and to fix the duties, powers and compensation of all employees, agents and consultants of a Connecticut brownfield land bank.
(d) Board members shall serve without compensation, provided each board member shall be entitled to reimbursement for such member’s actual and necessary expenses incurred during the performance of such member’s official duties.
(e) Members of the board of directors shall not be liable personally on the loans or other obligations or environmental liabilities of the Connecticut brownfield land bank, and the rights of creditors shall be solely against such land bank.