Georgia § 10-10-13 Responsibilities of board

Georgia Statutes

§ 10-10-13 — Responsibilities of board

Georgia § 10-10-13

Title10

This text of Georgia § 10-10-13 (Responsibilities of board) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 10-10-13 (2026).

Text

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 .