§ 293.733 — Venture capital investments; council’s duty

Oregon § 293.733

• Jurisdiction: Oregon
• Vol.: 7
• Title 28: Public Financial Administration
• Ch. 293: Administration of Public Funds

Text

(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” means an individual or group of individuals or a new or small company, including but not limited to any new or small partnership, limited liability company, corporation, firm, association or other business entity, that has the capacity, upon obtaining appropriate capital, to generate significant high-skill, high-wage employment.
(b) “Venture capital” includes but is not limited to emerging growth businesses.

Legislative History

2003 c.606 §3; 2012 c.90 §23