Connecticut Restructuring Agreement

State:
Multi-State
Control #:
US-CC-12-1640B
Format:
Word; 
Rich Text
Instant download

Description

12-1640B 12-1640B . . . Restructuring Agreement under which (a) Delaware corporation (Company) will become holding company by transferring substantially all its assets and liabilities, except for capital stock of its subsidiaries, to a newly organized wholly-owned Delaware subsidiary, (b) pursuant to terms of a Demerger Agreement, certain assets and liabilities of a Norwegian corporation (Norway-One) shall be demerged into a new Norwegian corporation (Norway-Two) and each holder of outstanding shares of Norway-One shall receive one share of capital stock of Norway-Two for each Norway-One share held by such holder, and (c) Company shall commence an Exchange Offer to prospective shareholders of Norway-Two to exchange cash and warrants for Company Class A Common Stock for their Norway-Two shares
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FAQ

Answer: Recently, the Federal Government passed the Consolidated Appropriations Act of 2023. This bill ends the extra SNAP benefits after the February 2023 distributions. This means that Connecticut's SNAP-eligible households will receive their last extra payment in February 2023.

EBT provides food supports to help families with children who were receiving free and reducedprice school meals pay for food.

Typically, food assistance and cash benefits are loaded onto the EBT card between midnight and on the designated deposit date. However, the exact time may vary by state. For instance, in Texas, the deposit occurs at , but it may take some time for the funds to become accessible.

During the PHE, Connecticut provided extra SNAP benefits to all eligible households and extended HUSKY health coverage to most HUSKY members. The federal government announced that the emergency declarations will end on . Now that the PHE is over, some of the actions taken by states will also end.

Eligibility Monthly Income LimitsHousehold SizeGross Income Limit (applies to most households, except those in which at least one person is 60 years of age or older, or receives disability income)Net Income Limit (applies to ALL households)1$2,430$1,2152$3,287$1,6443$4,144$2,0724 more rows

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Connecticut Restructuring Agreement