Ga. Comp. R. & Regs. R. 110-35-1-.03 - Eligible Applicants
(1) Eligible applicants under this program
are rural funds or affiliates with a proven track record of making investments
together with their affiliates of at least $100 million in nonpublic companies
located in rural areas within the United States.
(2) Rural funds or their affiliates must
possess either a license as a rural business investment company under
7 U.S.C. Section
2009cc or as a small business investment
company under 15 U.S.C.
Section 681 at the time of application. An
executive officer of the applicant shall attest that such license remains in
effect and has not been revoked.
(3) Applicants must have the capacity to
receive the certified capital investment authority from rural investors within
60 days of the certification date from the Department and carry out qualified
investments within rural areas of this state.
Notes
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