§1142.  Purpose

A.  The purpose of this Chapter is to improve the dissemination of information regarding informal investment opportunities to potential investors and entrepreneurs, and thereby stimulate the growth of small businesses in Louisiana.

B.  Consistent with the purpose stated in Subsection A, the Department of Economic Development is directed to establish, from funds appropriated to or otherwise available to the department, the Venture Capital Network as a clearinghouse for information on informal risk capital investment opportunities in the fifty thousand dollar to five hundred thousand dollar range in Louisiana.

Acts 1987, No. 449, §1.