S.D. Admin. R. 12:22:03:09

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

Section 12:22:03:09 - Review of financial status

After the funding is approved but before the funding is disbursed, the board or SDDA may conduct an overall review of the applicant's financial status. This review may include an analysis of all assets and liabilities and an analysis of the applicant's ability to repay the loan, if necessary, and comply with the official funding approval. The board may withdraw the commitment at any time if a material adverse change occurs.

S.D. Admin. R. 12:22:03:09

40 SDR 109, effective 12/9/2013.

General Authority: SDCL 38-6-16.

Law Implemented: SDCL 38-6-16.