S.D. Admin. R. 12:07:12:06

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

Section 12:07:12:06 - Permissible uses of loan proceeds

The loan proceeds may only be used for purposes related to the project, including the following:

(1) Purchase of land necessary to the project and site development or improvement;

(2) Construction or acquisition and remodeling of buildings and facilities, including purchase and installation of machinery and equipment; and

(3) Livestock purchases.

S.D. Admin. R. 12:07:12:06

17 SDR 141, effective 3/25/1991; 23 SDR 179, effective 4/29/1997; 25 SDR 95, effective 1/20/1999; 45 SDR 031, effective 9/13/2018

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.