S.D. Admin. R. 70:05:03:08
Current through Register Vol. 51, page 67, December 16, 2024
Loans may be secured by a guarantee or promissory note executed by the benefitted entity; liens on the interest of the borrower in all real and personal property; easements; rights-of-way; a commitment by the borrower to exercise taxing authority; and any other assets of the borrower considered necessary by the board to adequately secure the loan.
S.D. Admin. R. 70:05:03:08
General Authority: SDCL 49-16C-3.
Law Implemented: SDCL 49-16C-3.a