All distributions made by an investment entity allocable to the state’s limited partner interest or membership interest therein; all cash proceeds with respect to any loan, whether interest, the repayment of principal, or other amounts; or proceeds of the sale or transfer of qualified securities held directly by the fund shall be deposited in the fund for future investment in other investment entities, in other qualified securities of enterprises, for making loans as provided in this article, or to pay the cost of administration of the fund as provided in this article.
History. Code 1981, § 10-10-5 , enacted by Ga. L. 1989, p. 1674, § 1; Ga. L. 2000, p. 473, § 1; Code 1981, § 10-10-6 , as redesignated by Ga. L. 2004, p. 431, § 1; Ga. L. 2013, p. 243, § 4/HB 318.
Editor’s notes.
Ga. L. 2004, p. 431, § 1, effective May 13, 2004, redesignated former Code Section 10-10-6 as present Code Section 10-10-7.
Structure Georgia Code
Chapter 10 - Seed-Capital Fund
Article 1 - General Provisions
§ 10-10-2. Creation of Seed-Capital Fund
§ 10-10-3. Moneys in the Fund to Be Handled in Accordance With Policies Authorized by the Board
§ 10-10-4. Investing of Funds With Investment Entities
§ 10-10-5. Transfer of Funds for Making Loans