S.D. Admin. R. 74:05:12:14

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

Section 74:05:12:14 - Size and type of awards

The board may award an amount different than that requested in the brownfields revolving loan subfund application. The board may award grants, loans, or a combination of grants and loans. Grant awards may not exceed 40 percent of the total award. In determining the amount of financial assistance, the board shall consider the following:

(1) The availability of brownfields revolving loan subfund funds;

(2) The applicant's need;

(3) Public support for the project;

(4) Violation of health or environmental standards or a significant safety risk and how the project will minimize or correct the violations; and

(5) The applicant's ability to repay a loan.

S.D. Admin. R. 74:05:12:14

31 SDR 94, effective 1/5/2005.

General Authority: SDCL 46A-1-102, 46A-1-103.

Law Implemented: SDCL 46A-1-100 to 46A-1-106, inclusive.