Each district receiving a loan from the revolving fund shall submit a statement describing the current status of the loan and, if the loan was used to purchase equipment, the use and operation of that equipment during the year. A conservation district shall submit its statement and proof of insurance coverage to the commission together with the annual financial statement.
S.D. Admin. R. 12:03:03:08
General Authority: SDCL 38-8-53, 38-8-53.1.
Law Implemented: SDCL 38-8-53, 38-8-53.1.