S.D. Admin. R. 67:12:05:29.02

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

Section 67:12:05:29.02 - Treatment of loans

A loan obtained in good faith and expected to be paid back is excluded from income.

S.D. Admin. R. 67:12:05:29.02

14 SDR 140, effective 5/1/1988; 17 SDR 200, effective 7/1/1991.

General Authority: SDCL 28-7-2.

Law Implemented: SDCL 28-7-4.

Income and resources -- Treatment of loans, 45 C.F.R. § 233.20 (a)(3)(iv)(B).