S.D. Admin. R. 74:05:08:13

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

Section 74:05:08:13 - Applications

An applicant for financial assistance shall submit an application to the board on forms obtained from the department. An application shall not be considered by the board until the secretary has determined that the application is complete. A complete loan application must include the following items:

(1) Application form to include:

(a) Certification of Clean Water Needs Categories;

(b) Certification Regarding Debarment, Suspension, and Other Responsibility Matters; and

(c) Cost and Effectiveness Certification Form;

(2) Two years of the most recent audits or financial statements to include specific accounting of the fund pledged for repayment of the loan;

(3) Current year's budget;

(4) Documentation of the current user rates and surcharges, if applicable;

(5) Resolution of authorized signatory for submittal of application and signing of payment requests;

(6) Draft facilities plan; and

(7) Amortization schedules for all existing debt secured by the proposed revenue pledged.

S.D. Admin. R. 74:05:08:13

15 SDR 20, effective 8/7/1988; 33 SDR 106, effective 12/26/2006; 36 SDR 208, effective 6/28/2010; 40 SDR 14, effective 7/29/2013; 41 SDR173, effective 5/11/2015; 49 SDR 100, effective 5/22/2023

General Authority: SDCL 46A-1-60.3.

Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3.