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Georgia Commons

Código Oficial de Georgia Anotado

Título 10. COMMERCE AND TRADE · Capítulo 10. SEED-CAPITAL FUND · Artículo 2. INVEST GEORGIA FUND

10-10-15. Expenditure of funds; capitalization; cost of administration.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    The Invest Georgia Fund is created as a separate fund maintained by the board, and moneys shall be expended only as provided in this article.#

  2. (b)

    The Invest Georgia Fund shall be capitalized through grants from the Seed-Capital Fund, designated appropriations to the center, and private contributions to the board.#

  3. (c)

    The capital raised shall be periodically distributed to the venture capital funds selected by the fund administrator pursuant to Code Section 10-10-14.#

  4. (d)

    All moneys appropriated to or otherwise paid into the Invest Georgia Fund shall be presumptively concluded to have been committed to the purpose for which they have been appropriated or paid and shall not lapse.#

  5. (e)

    The entire cost of administration of the Invest Georgia Fund, including expenses of the center incurred in connection with the creation, operation, management, liquidation, and investment of fund moneys may be paid from the assets of the Invest Georgia Fund.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 10-10-15, enacted by Ga. L. 2013, p. 243, § 5/HB 318.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t10-(v8)-2024-pdf.pdf, Volumen V8, edición 2024, página 1304; acción de fusión: carried; SHA-256 del archivo 7afbade16da7.