S.D. Admin. R. 74:05:07:15

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

Section 74:05:07:15 - Terms and conditions of grants and loans

The board shall establish in the funding agreement provided for in § 74:05:07:20 the terms and conditions of grants and loans made through the consolidated water facilities construction program.

Loans must be prior to or at parity with other loans having the same security unless the board approves otherwise.

S.D. Admin. R. 74:05:07:15

13 SDR 23, effective 9/3/1986; 13 SDR 129, 13 SDR 141, effective 7/1/1987; 19 SDR 102, effective 1/17/1993; 19 SDR 202, effective 7/4/1993; 21 SDR 97, effective 11/28/1994; 28 SDR 95, effective 12/19/2001; 40 SDR 14, effective 7/29/2013.

General Authority: SDCL 46A-1-65.

Law Implemented: SDCL 46A-1-61, 46A-1-63.1, 46A-1-64.