Statutes, codes, and regulations
South Dakota Administrative Rules
Title 31 - Governor's Office of Economic DevelopmentArticle 31:01 - Energy conservation loans
Chapter 31:01:03 - Loans
Section 31:01:03:08 - Records

S.D. Admin. R. 31:01:03:08

Download
PDF
Current through Register Vol. 51, page 67, December 16, 2024
Section 31:01:03:08 - Records

Borrowers are not required to maintain a separate bank account for these loan funds; however, they must maintain a separate bookkeeping account. All expenditures must be supported by vouchers and must be for items approved for the energy conservation project for which the loan was made. Account books, records, and all documents pertinent to the project must be available for audit at any time. All records of the borrower, contractors, and subcontractors concerning the project must be retained until the loan is repaid in full.

S.D. Admin. R. 31:01:03:08

14 SDR 183, effective 7/13/1988; transferred from § 20:13:03:08, 15 SDR 209, effective 7/9/1989; 19 SDR 148, effective 4/4/1993; 20 SDR 222, effective 7/5/1994.

General Authority: SDCL 1-33B-15.

Law Implemented: SDCL 1-33B-15.