S.D. Admin. R. 68:01:02:04

Current through Register Vol. 51, page 56, November 4, 2024

Section 68:01:02:04 - Loan amounts

A loan may not exceed the lesser of $250,000 or 75 percent of the total project costs. No more than 25percent of an IRP loan may be used for loans in excess of $150,000. This limit does not apply to revolved funds.

16 SDR 158, effective 3/25/1990; 27 SDR 66, effective 1/4/2001.

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

Law Implemented: SDCL 1-16B-37, 1-16B-43, 1-16B-44.