S.D. Admin. R. 12:07:10:08

Current through Register Vol. 51, page 67, December 16, 2024

Section 12:07:10:08 - Loan amount

The maximum loan amount that can be borrowed by a district is $30100,000. The loan amount may not exceed eighty percent of the purchase value of the equipment.

S.D. Admin. R. 12:07:10:08

12 SDR 117, effective 1/19/1986; 12 SDR 128, 12 SDR 154, effective 7/1/1986; 17 SDR 141, effective 3/25/1991; 45 SDR 031, effective 9/13/2018

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.