La. Admin. Code tit. 19 § VII-2113

Current through Register Vol. 50, No. 8, August 20, 2024

Section VII-2113 - General Policy

A. The corporation shall not approve any co-investment if the project firm has presently pending, at the federal, state or local level, any proceeding concerning denial or revocation of any necessary license or permit.

B. The corporation will invest in the project on the same terms and conditions as the certified venture capital fund.

C. The requirement of personal guarantee shall be negotiated by the board on a project-by-project basis.

D. Nothing contained herein shall limit the ability of the board or committee thereof to make a reasonable decision based on information submitted to it.

La. Admin. Code tit. 19, § VII-2113

Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:462 (June 1989).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2331.