| (2) Does not exceed 40% of the amount of cash invested |
| by the fund in eligible businesses, except that, for |
| certificates issued and investments made after June 30, |
| 2002 but before July 1, 2003 and after June 30, 2005, |
| with respect to fund investments that are made in |
| eligible businesses that are located in a high |
| unemployment area, as determined by rule of the |
| authority under subsection 2, a tax credit certificate |
| may not be more than 60% of the cash invested by the |
| fund in any calendar year in such businesses; provided |
| that the authority may issue tax credit certificates in |
| an amount not to exceed 20% of the amount of cash |
| actually invested in or unconditionally committed to a |
| private venture capital fund in any calendar year if |
| the authority determines that the private venture |
| capital fund is located in this State, is owned and |
| controlled primarily by residents of this State and has |
| designated investing in eligible businesses of this |
| State as a major investment objective. The credit may |
| be revoked to the extent that the private venture |
| capital fund does not make investments eligible for the |
| tax credit in an amount sufficient to qualify for the |
| credits within 3 years after the date of the tax credit |
| certificates. Notwithstanding any revocation pursuant |
| to this subparagraph, each investor remains eligible |
