S.D. Admin. R. 24:52:15:08

Current through Register Vol. 51, page 67, December 16, 2024
Section 24:52:15:08 - Restrictive covenant

Upon receipt of an award from the fund the applicant shall sign a restrictive covenant running with the property which states that the property must be maintained in a manner that preserves its restored portions and that all work performed on the property within the eight-year covenant period must meet the standards of the board in § 24:52:07:02. The applicant shall file the covenant with the register of deeds in the county in which the property is located and provide proof of filing to the office before the office will disburse any loan or grant payments.

S.D. Admin. R. 24:52:15:08

24 SDR 73, effective 12/4/1997; 28 SDR 182, effective 7/10/2002; 39 SDR 100, effective 12/3/2012.

General Authority: SDCL 1-19A-5, 1-19A-13.5, 1-19A-29.

Law Implemented: SDCL 1-19A-13 to 1-19A-13.3.