- A. The corporation shall not approve any co-investment if the project firm has presently pending, at the federal, state or local level, any proceeding concerning denial or revocation of any necessary license or permit.
- B. The corporation will invest in the project on the same terms and conditions as the certified venture capital fund.
- C. The requirement of personal guarantee shall be negotiated by the board on a project-by-project basis.
- D. Nothing contained herein shall limit the ability of the board or committee thereof to make a reasonable decision based on information submitted to it.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2331.
Historical Note
HISTORICAL NOTE: Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:462 (June 1989).