S.D. Admin. R. 74:05:08:12.01

Current through Register Vol. 51, page 54, October 28, 2024

Section 74:05:08:12.01 - Principal forgiveness as part of assistance agreements

Assistance recipients described in § 74:05:08:02 that meet the affordability criteria described in § 74:05:08:12.03 and minimum established rates may receive principal forgiveness as authorized by the Act in an amount determined by the board. Applicants seeking assistance to implement a process, material, technique, or technology to address water or energy efficiency goals, mitigate storm water run-off, or encourage sustainable project planning, design, and construction may receive principal forgiveness in an amount determined by the board without meeting the affordability criteria and minimum established rate.

S.D. Admin. R. 74:05:08:12.01

36 SDR 208, effective 6/28/2010; 40 SDR 14, effective 7/29/2013; 41 SDR173, effective 5/11/2015.

General Authority: SDCL 46A-1-60.3.

Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3.