O.C.G.A.

O.C.G.A. § 10-10-19 (2019)

Retention of designated capital and investment returns

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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Designated capital and investment returns resulting from the qualified investments made under this article shall be retained and used to

make additional qualified investments in venture capital funds selected by the fund administrator; provided, however, that the Invest Georgia Fund shall receive any and all returns representing the principal portion of designated capital and shall receive 80 percent of investment returns in excess of designated capital from each respective venture capital fund with the remaining 20 percent of investment returns in excess of designated capital retained by each respective venture capital fund in accordance with such venture capital fund’s partnership agreement.

History

Code 1981, § 10-10-19, enacted by Ga. L. 2013, p. 243, § 5/HB 318.