Colorado § 29-4-735 Colorado strategic seed fund council - creation

Colorado Statutes

§ 29-4-735 — Colorado strategic seed fund council - creation

Colorado·Title 29 Government·Art. Housing

(1)There is hereby created the Colorado strategic seed fund council. Said council shall be composed of nine members, as follows: Four venture capitalists, one management consultant, and two institutional investors, all of whom shall be appointed by the governor, and one member appointed by the president of the senate and one member appointed by the speaker of the house of representatives. The members of the council shall be confirmed by the senate and shall serve for terms of four years; except that, of the members first appointed, three shall be appointed for terms of two years, three shall be appointed for terms of three years, and three shall be appointed for terms of four years.

(2)At the request of the board, the Colorado strategic seed fund council shall provide advice t

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(1) There is
hereby created the Colorado strategic seed fund council. Said council shall be
composed of nine members, as follows: Four venture capitalists, one management
consultant, and two institutional investors, all of whom shall be appointed by the
governor, and one member appointed by the president of the senate and one
member appointed by the speaker of the house of representatives. The members of
the council shall be confirmed by the senate and shall serve for terms of four years;
except that, of the members first appointed, three shall be appointed for terms of
two years, three shall be appointed for terms of three years, and three shall be
appointed for terms of four years.

(2) At the request of the board, the Colorado strategic seed fund council
shall provide advice to the authority from time to time as to the criteria to be used in
making loans, and the council shall make recommendations to the board with
respect to the board's determinations regarding such loans from the Colorado
strategic seed fund to operating seed funds. Said council shall receive reports from
the authority regarding the operations and investments of the operating seed funds
and shall make an annual report on the operating seed funds to the health and
human services committees of the house of representatives and the senate, or any
successor committees.

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Legislative History

Source: L. 88: Entire section added, p. 1103, � 3, effective May 29. L. 2001: (2) amended, p. 1178, � 13, effective August 8. L. 2003: (2) amended, p. 2013, � 107, effective May 22. L. 2007: (2) amended, p. 2045, � 82, effective June 1.