S.D. Codified Laws § 1-16B-41

Current through the 2024 Legislative Session
Section 1-16B-41 - Loans made only when other loans not available

The authority shall require the applicant enterprise to investigate fully other sources of funding for a development project. Such loans shall be made only after a determination by the authority that sufficient development project loans are not otherwise available from private or public lenders upon reasonably equivalent terms and conditions.

SDCL 1-16B-41

SL 1978, ch 9, § 33; SL 1986, ch 14, § 13.