§ 10-708. Preferred proposals

Latest version.

   The Board shall give preference to venture capital fund proposals that:

   (1) provide financing predominately to businesses that conduct a substantial amount of business in the State;

   (2) require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and

   (3) ensure that a majority of the money that the Trust invests is for seed capital financing in the State.

HISTORY: An. Code 1957, art. 83A, § 5-306(a); 2008, ch. 306, § 2.

                    
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