and its citizens, including, but not limited to, investments
that increase and enhance the employment of Commonwealth
residents, encourage the construction and retention of adequate
housing and stimulate further investment and economic activity
in this Commonwealth. The board shall, through the Governor,
submit to the General Assembly annually, at the same time the
board submits the board's budget covering administrative
expenses, a report identifying the nature and amount of each
existing investment made under this subsection.
(h) Name for transacting business.--
(1) Except as provided under paragraph (2), the
following shall be transacted by the name of "Education
Endowment Fund":
(i) Business of the fund.
(ii) Investment of funds.
(iii) Requisitions for money drawn and payments
made.
(iv) Holding of cash, securities and other property.
(2) Notwithstanding any other law, the board may
establish a nominee registration procedure for the purpose of
registering securities in order to facilitate the purchase,
sale or other disposition of securities pursuant to this act.
(i) Venture capital, private placement and alternative
investments.--The board in the board's prudent discretion may
make venture capital investment, private placement investment or
other alternative investment of any kind, structure or manner
which meets the standard of prudence under subsection (d)(4).
(j) Vehicles for authorized investments.--The board in the
board's prudent discretion may make investments which meet the
standard of prudence provided in subsection (d)(4) by acquiring
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