S.D. Admin. R. 74:05:11:16

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

Section 74:05:11:16 - Duration of assistance

The board shall set the repayment period for each assistance agreement. The maximum allowable repayment period is five years for interim financing, and 30 years in all other cases as permitted by the Act. The repayment period may not exceed the useful life of the facilities.

S.D. Admin. R. 74:05:11:16

23 SDR 195, effective 5/25/1997; 30 SDR 170, effective 5/10/2004; 33 SDR 106, effective 12/6/2006; 41 SDR173, effective 5/11/2015.

General Authority: SDCL 46A-1-60.1 to 46A-1-60.3.

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