S.D. Admin. R. 20:09:01:03
Current through Register Vol. 51, page 67, December 16, 2024
Other authority financing is any loan or financial assistance from the authority, other than an authority mortgage loan, to another entity. Other authority financing includes grants, loan guarantees, subordinated loans, loans whether secured or unsecured, loan participations, equity participations, and loans made by third-party lenders pursuant to programs established by the authority. Other authority financing does not include low-income housing tax credits, which are awarded in accordance with the Internal Revenue Code of 1986 as amended.
S.D. Admin. R. 20:09:01:03
General Authority: SDCL 11-11-30, 11-11-128, 11-11-141, 11-11-143, 11-11-180.
Law Implemented: SDCL 11-11-3(2), 11-11-99, 11-11-106, 11-11-110, 11-11-151.