(1) In making and implementing investment decisions related to venture capital, the Oregon Investment Council and the investment officer have a duty to look first at Oregon opportunities for diversification unless, under the circumstances, it is not prudent to do so.
(2) At any given time, the council shall have at least $100 million in venture capital investments in Oregon unless, under the circumstances, it is not prudent to do so.
(3) As used in this section:
(a) “Emerging growth business” has the meaning given that term in ORS 348.701.
(b) “Venture capital” includes but is not limited to emerging growth businesses. [2003 c.606 §3]
Note: 293.733 was added to and made a part of 293.701 to 293.820 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.Section: Previous 293.716 293.718 293.720 293.721 293.723 293.726 293.731 293.733 293.734 293.735 293.736 293.740 293.741 293.745 293.746 Next
Last modified: August 7, 2008