Georgia Code, Title 10, Chapter 10, Article 2 - Invest Georgia Fund

• § 10-10-10 - Creation; Purpose
  Pursuant to the authority granted in Article III, Section IX, Paragraph VI(g) of the Constitution, there is hereby created the Invest Georgia Fund as...
• § 10-10-11 - Definitions
  As used in this article, the term: (1) "Affiliate" means: (A) A person who, directly or indirectly, beneficially owns, controls, or holds power to...
• § 10-10-12 - Invest Georgia Board; Creation; Membership; Powers
  (a) There is hereby created the Invest Georgia Board, which shall exercise the powers and perform the duties prescribed by this article. The exercise...
• § 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...
• § 10-10-14 - Fund Administrator; Investments
  (a) The fund administrator shall be selected by the board through a transparent open bid process and shall be responsible for administering the Invest...
• § 10-10-15 - Expenditure of Funds; Capitalization; Cost of Administration
  (a) The Invest Georgia Fund is created as a separate fund maintained by the board, and moneys shall be expended only as provided in...
• § 10-10-16 - Five-Year Funding Period
  The Invest Georgia Fund may be funded over a five-year period through guidelines developed by the board. In the first year of the Invest...
• § 10-10-17 - Allocation of Designated Capital
  (a) As soon as practicable after the board receives contributed capital, the board and each selected venture capital fund that has been allocated designated...
• § 10-10-18 - Reports
  (a) Not later than December 31 of each year, each venture capital fund shall report to the board: (1) The amount of designated capital...
• § 10-10-19 - Retention of Designated Capital and Investment Returns
  Designated capital and investment returns resulting from the qualified investments made under this article shall be retained and used to make additional qualified investments...
• § 10-10-20 - Report on Implementation of Article
  (a) (1) On or before January 1, 2015, and January 1 of each subsequent year, the fund administrator, through the board, shall submit a...

Last modified: October 14, 2016