La. Admin. Code tit. 19 § VII-2307

Current through Register Vol. 50, No. 11, November 20, 2024

Section VII-2307 - Amount of Investment

A. The corporation may invest up to $5,000,000. The corporation may use its discretion to set the ratio of corporation investment to private investment. However, the ratio shall not exceed $1 of corporation monies to $2 of privately-raised dollars.

La. Admin. Code tit. 19, § VII-2307

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).