S.D. Admin. R. 68:02:02:18
Current through Register Vol. 51, page 56, November 4, 2024
Unless waived by the affirmative vote of two-thirds of the members of the board present and voting, the total amount of a loan made pursuant to this chapter may not exceed $100,000. Unless waived by the affirmative vote of two-thirds of the members of the board present and voting, a VASF loan may not exceed 45% of the total cost of the study. Matching funds may not include grant or loan funds from another agency or grant or loan program of the state.
S.D. Admin. R. 68:02:02:18
General Authority: SDCL 1-16G-5, 1-16G-8(10).
Law Implemented: SDCL 1-16G-5, 1-16G-8(10), 1-16G-25 to 1-16G-27, inclusive.