2015 Mississippi Code
Title 57 - PLANNING, RESEARCH AND DEVELOPMENT
Chapter 77 - VENTURE CAPITAL ACT OF 1994
§ 57-77-21 - Reports by Magnolia Capital Corporation
Magnolia Capital Corporation shall submit the following reports to the department:
(a) An annual audit of loan funds received in connection with the program;
(b) Quarterly reports describing all venture capital assistance provided to businesses by Magnolia Venture Capital Corporation and the fund, such reports to include at least the following: a description of the business receiving assistance, the project to be assisted and the purpose of such assistance; a description of each loan and equity investment, including the terms and conditions thereof and use of the venture fund's assistance by the business; history of the assistance pool, including amounts expended for administration and management, principal amount of equity investments, losses, loans and other relevant data.
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