Section 10-10-13. Responsibilities of board

   The board's primary responsibilities shall include:

   (1) Establishing an investment policy for the selection of a fund administrator;

   (2) Selecting a fund administrator to administer the provisions of this article;

   (3) Giving final approval to allocations of designated capital to the venture capital funds selected by the fund administrator;

   (4) Executing and overseeing the contracts of the fund administrator in order to assure compliance with this article; and

   (5) Establishing a policy with respect to use of capital and profits returned to the state pursuant to the provisions of Code Section 10-10-19.

Code 1981, § 10-10-13, enacted by Ga. L. 2013, p. 243, § 5/HB 318.