S.D. Admin. R. 68:02:01:53
The board, any committee of the board, and the GOED shall, to the extent it constitutes or contains trade secrets or commercial or financial information relating to the operation of an applicant or borrower, maintain as confidential any document, materials, information, or data received or generated by the board, any committee of the board, or the GOED in connection with a proposed or pending application for a REDI loan or an existing REDI loan. If requested by the applicant, the fact that an application has been proposed or is pending shall be maintained as confidential until such time as the application is considered by the board for approval. Any meeting of the credit committee shall be conducted in accordance with SDCL chapter 1-25 and SDCL 1-16G-11.
S.D. Admin. R. 68:02:01:53
General Authority: SDCL 1-16G-5, 1-16G-8(7).
Law Implemented: SDCL 1-16G-5, 1-16G-11.