S.D. Admin. R. 68:02:02:19
Current through Register Vol. 51, page 67, December 16, 2024
An applicant shall provide an equity contribution of at least 10 percent of the total cost of the study. The requirement may be waived by a two-thirds affirmative vote of the members of the board present and voting if the equity contribution is not necessary to secure the interests of the board. In-kind contributions and completed work may be applied toward the equity contribution if, in the judgment of the board, such in-kind contributions and work completed contribute substantially to the study. The applicant shall provide proof of the existence or availability of the equity contribution.
S.D. Admin. R. 68:02:02:19
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.