S.D. Admin. R. 68:01:02:17

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

Section 68:01:02:17 - Reporting requirements for borrower

The borrower shall submit to the authority annually a report containing the following information:

(1) An employment report;

(2) The amount of agricultural products used in the business and the amount of the product that is exported from the state;

(3) The number of jobs for low-income persons and displaced farm families;

(4) Financial statements in a form acceptable to the authority as specified in the loan authorization document; and

(5) Other information as requested by the authority.

The authority may require that the financial statements be compiled, reviewed, or audited by an independent accountant at the expense of the borrower.

S.D. Admin. R. 68:01:02:17

16 SDR 158, effective 3/25/1990; 21 SDR 14, effective 8/3/1994.

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

Law Implemented: SDCL 1-16B-37, 1-16B-44, 1-16B-46.