§ 15-5-1608 - Annual report. - Arkansas Statutes

15-5-1608. Annual report.

The trustees of the Venture Capital Investment Trust shall publish an annual report within five (5) months after the close of each fiscal year that shall:

(1) Include an annual audit of the Arkansas Risk Capitol Matching Fund's activities conducted by the trustees with the assistance of the review committee and the private sector advisory committee;

(2) Be presented in writing, and by testimony if requested, to the:

(A) Governor;

(B) House Committee on Agriculture, Forestry, and Economic Development;

(C) Senate Committee on Agriculture, Forestry, and Economic Development;

(D) Arkansas Development Finance Authority;

(E) Arkansas Science and Technology Authority; and

(F) Arkansas Economic Development Commission; and

(3) Document and review the progress of the trustees of the trust and the review committee in implementing the investment and financial assistance activities under this subchapter.