S.D. Admin. R. 12:22:03:01

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

Section 12:22:03:01 - Definitions

Terms used in this chapter mean:

(1) "Applicant," any natural person or entity that has completed a VASF funding application;

(2) "Board," the Value Added Finance Authority;

(3) "Recipient," an applicant who has been awarded funds from the VASF;

(4) "SDDA," the South Dakota Department of Agriculture;

(5) "Project," the new business or expansion of an existing business, or any development activities that will encourage or enhance agricultural development, that is eligible for funds from the VASF;

(6) "Study," any feasibility study, including any associated business plan or marketing study, including any associated business plan; or land use study, including any associated business plan; to be conducted in connection with the project and funded from the VASF. The term, "study," does not include research and development study; or advertising, travel, salaries, consultant expense, or any other work associated with an equity drive;

(7) "VASF," the value-added agriculture subfund of the rural rehabilitation fund created by SDCL 38-6-1;

(8) "VAFA," the Value Added Finance Authority established pursuant to SDCL 1-16E-4.

S.D. Admin. R. 12:22:03:01

40 SDR 109, effective 12/9/2013.

General Authority: SDCL 38-6-16.

Law Implemented: SDCL 38-6-13.