TITLE 10 COMMERCE AND TRADE

Section 10. Seed-Capital Fund, 10-10-1 through 10-10-20.

ARTICLE 2 INVEST GEORGIA FUND

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.

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