90-3-501. (Temporary) Science and technology development project -- priorities. (1) The board shall make a loan for a science and technology development project if it determines that the project has potential to stimulate economic development in this state and meets the loan criteria established in this chapter.
     (2) The board shall give priority to project proposals that it determines incorporate innovative technologies and involve, but are not limited to, one or more of the following target technologies:
     (a) mineral technology;
     (b) agricultural technology;
     (c) forestry technology;
     (d) energy technology;
     (e) materials sciences;
     (f) information sciences;
     (g) biotechnology;
     (h) microelectronics and computer sciences; or
     (i) hazardous waste treatment and disposal.
     (3) The board may use up to 25% of the funds for seed capital project loans to make seed capital project loans that do not address the innovative technologies listed in subsection (2). (Repealed effective July 1, 1999--secs. 13, 16(1), Ch. 549, L. 1997.)

     History: En. Sec. 4, Ch. 316, L. 1989; amd. Sec. 2, Ch. 566, L. 1991.