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Statutes > Minnesota Laws > Chapters 116J - 116O Economic Development and Planning > Chapter 116J Employment and Economic Development > Section 116J.8770 Equity Investments

STATE STATUTES & CODES

MINNESOTA STATUTES AND CODES

Section 116J.8770 Equity Investments

116J.8770 EQUITY INVESTMENTS.

The commissioner may invest funds from the capital access account to make equity investments in community development venture capital funds for the purpose of providing capital for small and emerging businesses. The community development venture capital fund must have experience in equity investments with small businesses and the ability to raise private capital.

History:

2001 c 153 s 4

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