Agency Histories
Governor. Office of Economic Opportunity. Utah Capital Investment Corporation
Entity: 3630
Entity Type: State Government
Prior Names
Governor. Office of Economic Development. Utah Capital Investment Corporation
Abstract
The purposes of the Corporation are to:organize the Utah fund of funds; select a venture capital investment fund allocation manager to make venture capital fund investments by the Utah fund of funds; negotiate the terms of a contract with the venture capital investment fund allocation manager; execute the contract with the selected venture capital investment fund manager on behalf of the Utah fund of funds; receive funds paid by designated investors for the issuance of certificates by the board for private investment in the Utah fund of funds; receive investment returns from the Utah fund of funds; and establish the redemption reserve to be used by the corporation to redeem certificates.