S.D. Admin. R. 68:01:02:20
Current through Register Vol. 51, page 56, November 4, 2024
Interim financing is not refinancing of existing debt. The authority may require that the borrower use a commitment for an APEX loan to secure interim financing from a regulated lender. The authority shall satisfy the interim financing loan in accordance with the terms of the interim financing loan agreement upon certification of completion of the project in accordance with the APEX commitment.
S.D. Admin. R. 68:01:02:20
General Authority: SDCL 1-16B-14(4).
Law Implemented: SDCL 1-16B-37, 1-16B-44, 1-16B-46.