S.D. Admin. R. 68:02:01:46
Current through Register Vol. 51, page 56, November 4, 2024
During the term of the loan, the board or GOED may inspect construction; inspect the borrower's operations, books, and records; and request the borrower to provide accounting records, payments, and invoices to ensure compliance with the terms of the loan agreement and the borrower's ongoing ability to repay the loan. The borrower shall retain accounting and tax records for the term of the loan or for a period of three years, whichever is longer.
The board may contract for project monitoring and servicing during the planning, construction, and operation of the project and the borrower's business.
S.D. Admin. R. 68:02:01:46
General Authority: SDCL 1-16G-5, 1-16G-8(5).
Law Implemented: SDCL 1-16G-5, 1-16G-8(5).