Georgia § 10-10-13 Responsibilities of board

Georgia Statutes

§ 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 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 .

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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 .

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