Chapter 77 - VENTURE CAPITAL ACT OF 1994
- Section 57-77-1 - Short title
- Section 57-77-2 - Legislative intent
- Section 57-77-3 - Purpose of chapter; entities as instrumentalities of the state; sovereign immunity
- Section 57-77-5 - Definitions
- Section 57-77-7 - Taxpayer entitlement to credit against state tax liability
- Section 57-77-9 - Formation of Magnolia Capital Corporation; officers and directors; bylaws and articles of incorporation; general powers and duties; meetings; replacement of directors; dissolution of Magnolia Venture Capital Corporation and fund
- Section 57-77-11 - Formation of Magnolia Venture Capital Corporation; officers and directors; bylaws and articles of incorporation; general powers and duties; replacement of directors; dissolution of Magnolia Venture Capital Corporation and fund
- Section 57-77-13 - Exemption from taxation and license fees of Magnolia Venture Capital Corporation
- Section 57-77-15 - Magnolia Capital Corporation to apply to department for loan
- Section 57-77-17 - Terms and conditions of loan to Magnolia Capital Corporation
- Section 57-77-19 - Assistance of Magnolia Capital Corporation with program compliance
- Section 57-77-21 - Reports by Magnolia Capital Corporation
- Section 57-77-23 - Authority of corporations to engage professional services
- Section 57-77-25 - Adoption of eligibility criteria, timetable and report forms governing Magnolia Capital Corporation participation in venture capital loan program; adoption of applications, forms, procedures and requirements by Magnolia Venture Capital Corporation
- Section 57-77-27 - Certification of nondiscrimination as condition to assistance to business
- Section 57-77-29 - Creation of Venture Capital Fund; deposits and disbursements; disposition of funds for repayment of bonds; use of remaining monies; receipt and use of monetary and nonmonetary assets
- Section 57-77-31 - Redemption, repayment, purchase or cancellation of bonds and notes; appropriations for payment of principal and interest on bonds and notes; rate of interest on loans made using funds from Venture Capital Fund
- Section 57-77-33 - Issuance of bonds and notes generally; terms, form, execution, etc., of bonds and notes
- Section 57-77-35 - Sale of bonds; temporary bonds; investment of bond proceeds; registration of bond sales; payment of costs and expenses
- Section 57-77-37 - Disposition of proceeds of sale of bonds; allocation of nonfederal funds
- Section 57-77-39 - Representation of seller by Attorney General with respect to issuing, selling and validating bonds or notes; payment of expenses relating to issuance of bonds or notes