§ 15-5-1608 - Annual report.
15-5-1608. 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 Risk Capitol Matching Fund's activities conducted by the trustees with the assistance of the review committee and the private sector advisory 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;
(E) Arkansas Science and Technology Authority; and
(F) 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.