Article L4424-28 of the French General Code of Local Authorities
The Corsican regional authority may participate, through the payment of endowments, in the constitution of an investment fund with a private equity company whose purpose is to provide equity capital to companies. The total amount of endowments paid by the regional authority may not exceed 50% of the total amount of the fund. The Corsican regional authority will enter into an agreement with the company managing the fund, setting out,…