S.D. Admin. R. 24:52:15:03

Current through Register Vol. 50, page 162, June 24, 2024

Section 24:52:15:03 - Application for loan or grant - Project review

Upon receipt of an application for a loan or grant from the fund, the board shall conduct a project review which shall, at a minimum, examine the following:

(1) Whether the proposed project benefits properties listed on the national register or properties eligible for the national register for which the applicant agrees to submit a national register nomination within one year;

(2) Whether the project meets the standards of the board in § 24:52:07:02;

(3) Whether the applicant demonstrates that the property will have an on-going use;

(4) Whether the applicant provides assurances of the ability to maintain the property;

(5) Whether the applicant agrees to a restrictive covenant;

(6) Whether the applicant agrees to post a sign stating that funding for the project came from the Deadwood Fund;

(7) Whether the applicant provides dollar for dollar matching funds;

(8) Whether the project is either a new project or a new phase of a project that will not start until after the award is announced; and

(9) The applicant is highly recommended to be a member of the South Dakota State Historical Society and the Historic South Dakota Foundation.

S.D. Admin. R. 24:52:15:03

21 SDR 50, effective 9/21/1994; 24 SDR 73, effective 12/4/1997; 26 SDR 168, effective 6/25/2000; 29 SDR 66, effective 11/17/2002.

General Authority: SDCL 1-19A-5, 1-19A-13.5, 1-19A-29.

Law Implemented: SDCL 1-19A-13 to 1-19A-13.3.