Ark. Code Ann. § 15-5-1415: 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 Venture Capital Development Fund's activities conducted by the trustees with the assistance of the review 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; and (E) 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. Added by Act 2019, No. 925,§ 5, eff. 7/24/2019.

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 Venture Capital Development Fund's activities conducted by the trustees with the assistance of the review 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; and (E) Arkansas Economic Development Commission; and

(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; and

(E) 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.