S.D. Admin. R. 70:05:03:10

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

Section 70:05:03:10 - Inspection of the borrower by the board and retention of records

During the term of the loan, the board or department may inspect the project and require the borrower to provide any books and records necessary to ensure compliance with the terms of the loan agreement. The borrower shall retain all of its accounting and tax records for three years after all principal and interest on the loan has been paid.

S.D. Admin. R. 70:05:03:10

19 SDR 107, effective 1/24/1993; 49 SDR 047, effective 11/21/2022

General Authority: SDCL 49-16C-3.

Law Implemented: SDCL 1-44-20, 49-16C-3.