[§211F-23] Purposes and terms of investments. (a) Investments may be used for any purpose consistent with the purposes and objectives of this chapter, including but not limited to:
(1) Developing a working prototype;
(2) Preparing a development plan;
(3) Performing an initial market analysis;
(4) Organizing a management team; and
(5) Any other purpose reasonably related to an economic development project.
(b) Investments may be made on such terms and conditions as the corporation shall determine to be reasonable, appropriate, and consistent with the purposes and objectives of this chapter. [L 1990, c 110, pt of §3]
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