---
title: O.C.G.A. § 10-10-13. Responsibilities of board.
collection: code
id: 10-10-13
cite_as: O.C.G.A. § 10-10-13 (2025)
canonical_url: https://georgiacommons.org/code/10-10-13
md_url: https://georgiacommons.org/code/10-10-13.md
text_url: https://georgiacommons.org/code/10-10-13/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=1301
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/10-10.md
previous: https://georgiacommons.org/code/10-10-12.md
next: https://georgiacommons.org/code/10-10-14.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / SEED-CAPITAL FUND / INVEST GEORGIA FUND
---

# O.C.G.A. § 10-10-13. Responsibilities of board.

The board’s primary responsibilities shall include:

(1) Establishing an investment policy for the selection of a fund administrator;

(2) Selecting a fund administrator to administer the provisions of this article;

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

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

(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.

## History

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