S.D. Codified Laws § 1-16B-38
Current through the 2024 Legislative Session
If the authority determines, after hearing and examination, that the public purposes of this chapter will be accomplished, the authority may grant a loan to an enterprise. Approval of loan applications shall be by a majority vote of all members of the board of directors, eligible to vote thereon, the vote of each eligible member being duly recorded.
SDCL 1-16B-38