S.D. Admin. R. 20:09:26:01

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:09:26:01 - Definitions

Terms used in this chapter mean:

(1) "Authority," the South Dakota Housing Development Authority;

(2) "Board," the board of commissioners of the authority;

(3) "Housing infrastructure fund," a fund authorized pursuant to SDCL chapter 11-15 and administered by the authority for the purpose of making loans and grants for housing infrastructure projects;

(4) "Housing infrastructure program funding," a grant, a loan, or both a grant and a loan, from the housing infrastructure fund;

(5) "Housing infrastructure project," the installation, replacement, upgrade, or improvement of public infrastructure for the support of a single-family or multi-family housing project;

(6) "Political subdivision," any association, authority, board, commission, committee, council, task force, school district, county, city, town, township, local government entity, or agency of the state of South Dakota that is created or appointed by statute, ordinance, or resolution and is authorized to exercise any sovereign power derived from state law;

(7) "Public infrastructure," as defined in SDCL 11-15-1;

(8) "Total project cost," the total cost of a housing infrastructure project; and

(9) "Written agreement," the agreement between the applicant and the authority setting forth the terms and conditions of the housing infrastructure project and the housing infrastructure program funding.

S.D. Admin. R. 20:09:26:01

49 SDR 125, effective 7/3/2023

General Authority: SDCL 11-15-6.

Law Implemented: SDCL 11-15-1 to 11-15-5, inclusive.