S.D. Admin. R. 68:01:01:02

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

Section 68:01:01:02 - Permissible uses of loan proceeds

The proceeds of a loan may be used to refund state or municipal obligations or obligations issued on behalf of a state agency, instrumentality, or political subdivision, the proceeds of which were applied to finance eligible project costs.

S.D. Admin. R. 68:01:01:02

13 SDR 134, effective 3/31/1987; 21 SDR 14, effective 8/3/1994.

General Authority: SDCL 1-16B-14(4).

Law Implemented: SDCL 1-16B-14(4).