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Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 10. SEED-CAPITAL FUND · Article 2. INVEST GEORGIA FUND

10-10-13. Responsibilities of board.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. The board’s primary responsibilities shall include:

  2. (1)

    Establishing an investment policy for the selection of a fund administrator;#

  3. (2)

    Selecting a fund administrator to administer the provisions of this article;#

  4. (3)

    Giving final approval to allocations of designated capital to the venture capital funds selected by the fund administrator;#

  5. (4)

    Executing and overseeing the contracts of the fund administrator in order to assure compliance with this article; and#

  6. (5)

    Establishing a policy with respect to use of capital and profits returned to the state pursuant to the provisions of Code Section 10-10-19.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 10-10-13, enacted by Ga. L. 2013, p. 243, § 5/HB 318.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, pages 1301 to 1302; merge action: carried; file SHA-256 7afbade16da7.