Compilation of Rules and Regulations of the State of Georgia
Department 110 - RULES OF GEORGIA DEPARTMENT OF COMMUNITY AFFAIRS
Chapter 110-35 - GEORGIA AGRIBUSINESS AND RURAL JOBS ACT PROGRAM
Subject 110-35-1 - GEORGIA AGRIBUSINESS AND RURAL JOBS ACT
Rule 110-35-1-.03 - Eligible Applicants
Current through Rules and Regulations filed through September 23, 2024
(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 An executive officer of the applicant shall attest that such license remains in effect and has not been revoked.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.
O.C.G.A. § 33-1-25.
