The board shall establish in the funding agreement provided for in § 74:05:07:20 the terms and conditions of grants and loans made through the consolidated water facilities construction program.
Loans must be prior to or at parity with other loans having the same security unless the board approves otherwise.
S.D. Admin. R. 74:05:07:15
General Authority: SDCL 46A-1-65.
Law Implemented: SDCL 46A-1-61, 46A-1-63.1, 46A-1-64.