S.D. Admin. R. 12:07:12:17

Current through Register Vol. 51, page 71, January 6, 2025

Section 12:07:12:17 - Loan repayments and maturities

Loan maturities and repayment schedules shall be based on the project purpose and depreciable life of the security, but may not exceed a total often years. Direct loans may have a longer maturity. There is no prepayment penalty.

17 SDR 141, effective 3/25/1991; 45 SDR 031, effective 9/13/2018

General Authority: SDCL 38-6-8.1.

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