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

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

Section 12:22:03:03 - Application requirements

Application forms shall be provided by SDDA and must be completed and signed before being presented to VAFA. SDDA shall screen all applications for completeness and eligibility upon receipt. No incomplete or ineligible applications may be presented to the board. The VAFA Board may charge an application fee to be determined annually on July 1. At a minimum the application must include:

(1) Applicant's name and address, including all owners, investors, consultants, and management of projects, including resumes and references;

(2) Articles of incorporation and bylaws or other legal documents or agreements that describe the legal operation or structure of the business or of an intent to form a legal entity upon the award of VASF funding;

(3) An executive summary, summarizing the essential elements of the project, including narrative and funding request;

(4) Project narrative and how it complies with the eligibility of the VASF, including a detailed budget of how all funds will be spent;

(5) Any other information as requested by the board in order to make a sound and prudent funding decision.

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

40 SDR 109, effective 12/9/2013.

General Authority: SDCL 38-6-16.

Law Implemented: SDCL 38-6-16.