S.D. Admin. R. 20:09:04:03

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

Section 20:09:04:03 - Application of federal rules

If a housing development or residential housing unit is financed by an authority mortgage loan which is, in whole or in part, a federally insured mortgage or is otherwise assisted by the federal government, the authority's action in authorizing or refusing such an authority mortgage loan shall bind the applicant to the rules governing the federal program.

SL 1975, ch 16, § 1; 2 SDR 31, effective 10/30/1975; 4 SDR 29, effective 11/16/1977; transferred from § 45:01:04:03, effective 7/1/1979; 6 SDR 98, effective 4/6/1980; 10 SDR 4, effective 7/27/1983; 12 SDR 151, 12 SDR 155, effective 7/1/1986; SL 2012, ch 79, §12, effective 7/1/2012.

General Authority: SDCL 11-11-30, 11-11-128, 11-11-141, 11-11-143, 11-11-165, 11-11-168, 11-11-180.

Law Implemented: SDCL 11-11-3(5), 11-11-34, 11-11-35, 11-11-40, 11-11-142.