La. Admin. Code tit. 19 § VII-2303
Current through Register Vol. 50, No. 8, August 20, 2024
Section VII-2303 - Valuation of Investment FundA. The amount of privately raised funds under management shall mean the value of any monies invested or otherwise used as risk capital in businesses plus the unexpended monies available for investment or used as risk capital. The value of an equity investment and/or risk capital investment shall be the amount of dollars actually invested. For the purpose of calculating private capital, only cash and commitments which are available for risk investments at the time of LEDC's match, may be counted in the match amount.La. Admin. Code tit. 19, § VII-2303
Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:463 (June 1989), amended LR 23:559 (May 1997).AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2312(C).