S.D. Admin. R. 68:02:07:14

Current through Register Vol. 51, page 67, December 16, 2024

Section 68:02:07:14 - Default

Any of the following constitutes a default upon the condition of a reinvestment payment:

(1) If the person filing the affidavit for reinvestment payment knowingly makes any material false statement or report in the affidavit for reinvestment payment;

(2) Failure to adhere to the conditions of the reinvestment payment;

(3) Repealed failure by the applicant to provide access to the project or related documents or to provide the reports and other information required by this chapter; or

(4) Failure of the applicant to remain current on its tax obligations to the State of South Dakota. However, for the purposes of this section, the applicant is not deemed delinquent on its tax obligations to the State of South Dakota if the applicant is currently disputing its tax obligation in accordance with the appeal procedures provided by law.

S.D. Admin. R. 68:02:07:14

39 SDR 221, effective 7/1/2013.

General Authority: SDCL 1-16G-8(9)(11), 1-16G-67.

Law Implemented: SDCL 1-16G-8(9)(11), 1-16G-67.