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Example Schedules - Section APP.A Schedule of Pacing Requirements Formatted: Font: Bold 1 Base Investment Amount - $14M Tennessee TNInvestco Schedule of Pacing Requirements For the Fiscal Year Ended December 31, 2012 Formatted: Line spacing: Exactly 6 pt Qualified Business Investment Date 2Seed/Early Stage Investment Investment Amount Liquidity Event Liquidity Date New Ventures, LLC 2/1/2010 Y $ 20,000.00 Y ($ 20,000.00) 5/1/2010 Nashville, Inc. 2/4/2010 Y $ 70,000.00 N ABC, Inc. 2/12/2010 Y $220,000.00 N Runway Corporation Inc. 2/12/2010 Y $100,000.00 N Rocket Technologies 5/26/2010 Y $ 24,122.93 N My Vision, Inc. 5/26/2010 Y $490,000.00 N New Science, Inc. 5/26/2010 Y $425,000.00 N Genetics, LLC 10/20/2010 Y $230,000.00 N Infomatics, Inc. 11/1/2010 Y $500,000.55 N Space Age, Inc. 2/23/2011 Y $255,000.00 N New Med, Inc. 3/31/2011 Y $ 77,500.00 N Atom Splice, Inc. 5/16/2011 Y $500,000.00 N New Vision, Inc. 6/21/2011 Y $255,000.00 N Science Interactive, Inc. 8/5/2011 Y $200,000.00 N Medicine Pathway 8/19/2011 Y $750,000.00 N Medical Device, Inc. 9/16/2011 Y $100,000.00 N Info Tech, LLC 11/15/2011 Y $750,000.00 N Totals 4 $4,946,624.48 Formatted: Tab stops: 0.06", Left Seed & Early Stage Credit $2,100,000 Total Credit Towards Threshold $7,046,624.48 within two (2) years after the allocation date, a qualified TNInvestco shall have invested an amount equal to at least fifty percent (50%) of its base investment amount in qualified investments Calculation: 50% of $14M = $7M threshold 1 Per TCA 4-28-102(4) the base investment amount is $14MM for each TNInvestco to calculate the investment thresholds. 2 Per TCA 4-28-102 (15) “Seed or early stage investment” means an investment in a company that has a product or service in testing or pilot production that may or may not be commercially available. The company may or may not be generating revenues and may have been in business less than three (3) years at the time of investment 3 A liquidity event is defined as the sale of an investment. The sale of an investment reduces the amount of investment funds that count towards the pacing requirements Formatted: Font: (Default) Times New Roman 4 Of the $4.9M in actual dollars invested in this example, the company has invested $1,050,000 in approved seed or early stage qualified businesses APP.A-6
Example Schedules - Section APP.A Formatted: Font: 12 pt Formatted: Top: 1", Bottom: 0.5", Section start: New page APP.A-7
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S T A T E O F T E N N E S S E E DEP
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SPECIAL PURPOSE GOVERNMENTS (INCLUD
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Trust Funds - Procedures IJ-5 Resid
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PREFACE This audit manual supersede
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Introduction This manual sets forth
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(9) Establish minimum standards for
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Section 9-3-213, Tennessee Code Ann
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SECTION A GENERAL INFORMATION Compt
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Auditing Standards and Requirements
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Miscellaneous - Section APP.E APP.E
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EXAMPLE OF A PROPOSAL EVALUATION ME
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