LAC 19:VII.7715. Reporting

A. Each year, on the anniversary date of the initial disbursement of funds, or on such date as may be authorized by LEDC, each venture capital fund that is the recipient of LEDC funds shall provide to LEDC the following information: 1. a list of all investors in the fund, including the amounts of each investment and the nature of each investment; 2. a statement of the financial condition of the fund including, but not limited to, a balance sheet, a profit and loss statement, and a statement showing changes in the fund’s financial condition; 3. a current reconciliation of the fund's net worth; and 4. an annual audited financial statement prepared by a certified public accountant (prepared within 120 days of the end of the fund's fiscal year).