La. Admin. Code tit. 19 § VII-2513
Current through Register Vol. 50, No. 11, November 20, 2024
Section VII-2513 - Creation of a Louisiana FundA. The applicant shall, on receipt of funds from the corporation, immediately set up an account in a financial institution domiciled in Louisiana to be called the Louisiana Fund and deposit the proceeds of the state's investment into that fund. The proceeds of this fund shall be used solely for investments in minority owned enterprises maintaining headquarters and production facilities in Louisiana.La. Admin. Code tit. 19, § VII-2513
Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:465 (June 1989).AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2331.