S.D. Admin. R. 74:05:12:18

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

Section 74:05:12:18 - Assistance agreement interest rates

The board shall set the interest rate for the brownfields revolving loan subfund loans, based upon:

(1) Current market rates; and

(2) Current demand for program funds.

Based on the above criteria, the board may also adjust the interest rate at any board meeting if the proposed action is included on the agenda posted for the meeting.

S.D. Admin. R. 74:05:12:18

31 SDR 94, effective 1/5/2005.

General Authority: SDCL 46A-1-102, 46A-1-103.

Law Implemented: SDCL 46A-1-100 to 46A-1-106, inclusive.

Notice of meetings of public bodies, SDCL 1-25-1.1.