Division of Special Revenue | 12-585-1 - Licensing and Disclosure Regulations

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Regulations of Connecticut State Agencies TITLE 12. Taxation

Agency Division of Special Revenue

Subject Licensing and Disclosure Regulations

Section § 12-585-1

CONTENTS

Sec. 12-585-1. Division investigation expenses

Revised: 2015-3-6 R.C.S.A. § 12-585-1 - I -

Regulations of Connecticut State Agencies TITLE 12. Taxation

Division of Special Revenue §12-585-1

Licensing and Disclosure Regulations

Sec. 12-585-1. Division investigation expenses (a) Paid by party under investigation. All reasonable expenses outside the ordinary

budgeted expenses of the division incurred by or on behalf of the division for any investigation of a person or business organization in connection with an initial application or contract, the application for transfer of ownership in whole or in part of an existing licensed facility, the assignment of an existing contract, or the addition of or change in any member of a board of directors, officer, shareholder, or bondholder of any such person or business organization shall be paid to the division by the person or business organization under investigation. All funds received by the division under the provisions of this subsection shall be paid into the general fund.

(b) Frequency of billing. Every such person or business organization shall be billed for investigation expenses on a quarterly basis or at the conclusion of the investigation as determined by the executive director.

(c) Failure to comply. Failure on the part of the person or business organization to remit payment within fifteen days after receipt of an invoice from the division shall constitute grounds to refuse to grant approval of the request of the person or business organization for which such investigation was undertaken, or in the case of a licensee, failure to remit payment within fifteen days shall, in addition, constitute grounds for the licensing authority:

(1) To suspend or revoke such license; (2) If the executive director, to impose a fine of not more than two thousand five hundred

dollars; (3) If the board, to impose a fine of not more than seventy-five thousand dollars; (4) To rescind the applicable contract and (5) To impose any combination of these penalties.

(Effective October 17, 1984)

Revised: 2015-3-6 R.C.S.A. § 12-585-1 - 1 -