Responsibilities

COL120106 12 GCAAUTONOMOUS AGENCIES CH. 54 SMALL BUSINESS DEVELOPMENT FUND It shall be the responsibility of the Authority to:

(a)provide the needed funds;

(b)assist in providing financial, marketing and management information;

(c)approve or disapprove specific proposals;

(d)approve loans and/or equity participation consistent with proposals;

(e)exercise continuing technical surveillance of each project. If, in carrying out the provisions of this section, the Authority acquires equity in any small business venture, the Authority shall provide appropriate provision to dispose of the equity once the business becomes viable. The recovery of this money is to be put back into the small business development fund.