[ §206M-75] Seed capital investments.
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/hi/206m-75A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[ §206M-75] Seed capital investments. Subject to this subpart, the development corporation may invest in:
(1)A certified development company under sections 501 to 503 of the Small Business Investment Act of 1958 (15 U.S.C. 695 to 697) and the regulations adopted under those sections;
(2)A small business investment company under the Small Business Investment Act (15 U.S.C. 631 to 634, 636 to 649) and the regulations adopted under those sections;
(3)A minority enterprise small business investment corporation or equivalent venture capital corporation;
(4)A similar entity that may leverage its capital under a federal program; or
(5)A seed capital fund or partnership. [L 2019, c 56, pt of §2]