South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:07 - Agriculture enterprise programs
Chapter 12:07:10 - Natural Resources Conservation Equipment loan Program
Section 12:07:10:04 - Application

Universal Citation: SD Admin Rules 12:07:10:04

Current through Register Vol. 48, page 106, April 11, 2022

A district may apply for a loan from the office by submitting an application to the commission. The forms shall be supplied by the office. The application form shall contain the following information:

(1) The name and address of the district and the district's secretary;

(2) The amount of the loan request;

(3) The term of the loan request;

(4) A statement of when and how the loan proceeds will be used;

(5) A proposed repayment schedule;

(6) A current financial statement of the district;

(7) A projected financial statement of the district over the term of the loan requested;

(8) A certified copy of the minutes of the district's meeting at which the loan request was authorized;

(9) The source and policy limits of liability and property damage insurance to be carried on the equipment purchased; and

(10) The date of the application.

S.D. Admin. R. 12:07:10:04

12 SDR 117, effective January 19, 1986; 12 SDR 128, 12 SDR 154, effective July 1, 1986; 17 SDR 141, effective March 25, 1991.

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.

Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.