The trustees of the Venture Capital Investment Trust shall publish an annual report within five (5) months after the close of each fiscal year that shall:
(1) Include an annual audit of the Arkansas Venture Capital Development Fund's activities conducted by the trustees with the assistance of the review committee;
(2) Be presented in writing, and by testimony if requested, to the:
(A) Governor;
(B) House Committee on Agriculture, Forestry, and Economic Development;
(C) Senate Committee on Agriculture, Forestry, and Economic Development;
(D) Arkansas Development Finance Authority; and
(E) Arkansas Economic Development Commission; and
(3) Document and review the progress of the trustees of the trust and the review committee in implementing the investment and financial assistance activities under this subchapter.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 14 - Venture Capital Investment Act of 2001
§ 15-5-1404. Designated investor group
§ 15-5-1407. Registration of tax credits
§ 15-5-1409. Powers of the Arkansas Development Finance Authority
§ 15-5-1410. Legislative findings
§ 15-5-1411. Creation of the Arkansas Venture Capital Development Fund
§ 15-5-1412. Eligibility for financial assistance — Limitation
§ 15-5-1413. Funding of Arkansas Venture Capital Development Fund
§ 15-5-1416. Powers of the trustees of the Venture Capital Investment Trust