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Senate Bill 0562


Senate Bill 0562

ARCHIVE (2001)

Latest Information

 

DIGEST OF SB562 (Updated March 1, 2001 4:59 PM - DI 84)


Venture capital investments. Establishes the Indiana venture capital fund. Authorizes the public employees' retirement fund and the teachers' retirement fund to invest in the Indiana venture capital fund. Authorizes the Indiana venture capital fund to sell contingent tax credits to public utilities to obtain capital to be used to invest in new high technology ventures in Indiana. Authorizes the Indiana venture capital fund to invest in local certified equity pools and other investment groups. Requires each one dollar of investment from the Indiana venture capital fund to be matched by two dollars of private investment. Establishes the Indiana investment company. Permits the Indiana venture capital fund to employ alternative private capital investment advisors under certain circumstances.
    Current Status:
     In Committee - 2nd House
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