S.D. Codified Laws § 11-15-3

Current through the 2024 Legislative Session

Section 11-15-3 - Distribution of monies-Limitation

The authority shall distribute monies from the South Dakota housing infrastructure fund, created in § 11-15-2, as follows:

(1) Thirty percent for housing infrastructure in municipalities having a population of fifty thousand or more; and

(2) Seventy percent for housing infrastructure in all other areas of the state.

The authority may not provide both a grant and loan from the South Dakota housing infrastructure fund for the same housing infrastructure project located in a municipality having a population of fifty thousand or more.

SDCL 11-15-3

SL 2023, ch 41, §10, eff. Feb. 1, 2023.

Added by S.L. 2023, ch. 41,s. 10, eff. 2/1/2023.