La. Admin. Code tit. 10 § XV-1701
Current through Register Vol. 50, No. 11, November 20, 2024
Section XV-1701 - Description of ProgramA. These rules implement the Louisiana Community Development Financial Institution (LCDFI) Program pursuant to R.S. 51:3081 et seq. This program was created by Act 491 of the 2005 Louisiana Legislature to further community development, diminish poverty, provide assistance in the formation and expansion of businesses in economically distressed areas, which create jobs in the state by providing for the availability of venture capital financing to entrepreneurs, managers, inventors, and other individuals for the development and operation of Louisiana entrepreneurial businesses.La. Admin. Code tit. 10, § XV-1701
Promulgated by the Office of the Governor, Office of Financial Institutions, LR 32:837 (May 2006).AUTHORITY NOTE: Promulgated in accordance with R.S. 51:3081 et seq.