Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 10. SEED-CAPITAL FUND · Article 1. GENERAL PROVISIONS

10-10-6. Distribution to be deposited in the fund.

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

All distributions made by an investment entity allocable to the state’s limited partner interest or membership interest therein; all cash proceeds with respect to any loan, whether interest, the repayment of principal, or other amounts; or proceeds of the sale or transfer of qualified securities held directly by the fund shall be deposited in the fund for future investment in other investment entities, in other qualified securities of enterprises, for making loans as provided in this article, or to pay the cost of administration of the fund as provided in this article.

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, § 10-10-5, enacted by Ga. L. 1989, p. 1674, § 1; Ga. L. 2000, p. 473, § 1; Code 1981, § 10-10-6, as redesignated by Ga. L. 2004, p. 431, § 1; Ga. L. 2013, p. 243, § 4/HB 318.

Editor's notes

Ga. L. 2004, p. 431, § 1, effective May 13, 2004, redesignated former Code Section 10-10-6 as present Code Section 10-10-7.

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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, page 1293; merge action: carried; file SHA-256 7afbade16da7.