Responsibilities of Board

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  2. Georgia Code
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  6. Responsibilities of Board

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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.)


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