- A. If no activity has occurred in the fund for a period of one year or reporting requirements are not met, the Venture Fund shall be reviewed by the board of the corporation. After review the board may choose to revoke its investment.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2312(C).
Historical Note
HISTORICAL NOTE: Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:465 (June 1989), amended LR 23:560 (May 1997).