1. (1) do all things necessary to qualify as a qualified community development entity;
2. (2) apply to the U.S. Department of the Treasury to be designated as a qualified community development entity;
3. (3) apply to the U.S. Department of the Treasury for an allocation of new markets tax credits;
4. (4) receive, make, and facilitate qualified equity investments and financial assistance available in low-income communities in the State;
5. (5) allocate any new markets tax credits received by the Corporation;
6. (6) coordinate with other qualified community development entities in the State to help ensure that low-income communities are receiving the maximum benefit of qualified equity investments in the State;
7. (7) make investments and financial assistance available to low-income communities in the State from the Corporation's money or from any other source;
8. (8) build a long-term financial capacity and sustained investment in low-income communities in the State;
9. (9) coordinate and create pathways to follow-on financing in the State; and
10. (10) foster inclusive and diverse entrepreneurship and innovation throughout the State, which may include initiatives to raise awareness of programs to assist low-income communities.

The purposes of the Corporation are to:

Added by Acts 2024, c. 123, § 1, eff. July 1, 2024.