The Board shall give preference to venture capital fund proposals that:

1. (1) provide financing predominately to businesses that conduct a substantial amount of business in the State;
2. (2) require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and
3. (3) ensure that a majority of the money that the Trust invests is for seed capital financing in the State.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.