S.D. Admin. R. 74:05:10:12.01

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

Section 74:05:10:12.01 - Loan interest rates, parity positions, and revenue requirements

The board shall establish interest rates for the solid waste management program. The board may adjust the interest rates at any meeting if the proposed action is included on the agenda posted for the meeting. A loan must be prior to or at parity with other loans having the same security unless the board approves otherwise. The applicant must show evidence that revenues are sufficient to support the proposed project considered for funding.

S.D. Admin. R. 74:05:10:12.01

23 SDR 12, effective 7/30/1996; 28 SDR 95, effective 12/19/2001.

General Authority: SDCL 46A-1-67, 46A-1-84.

Law Implemented: SDCL 46A-1-84.