TNInvestco update, Feb. 22, 2010

A proposal to allow the State to recapture tax credits it allocates to TNInvestco funds that don't perform creates risk for the program that could kill, say some observers. With controversy in the air, a ruling from Chancery Court here due out tomorrow, and VCs jockeying for a share of a proposed bigger TNInvestco pie... this week could spell the fate of the widely praised capital formation program. The story's here.