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 12:07:10:06 - Loan decision

Universal Citation: SD Admin Rules 12:07:10:06

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

Upon receipt of the application and the commission recommendation, the administrator shall take the following action:

(1) Review the application and the commission's recommendations to determine that the application meets the requirements contained in this chapter and that the application and loan are consistent with the purposes and policies established in § 12:07:09:02 and SDCL chapter 38-6;

(2) Approve the application as presented, conditionally approve the application subject to modifications or performance of certain actions, or disapprove the application; and

(3) Notify the applicant and commission of the decision in writing within 30 days after the date of receipt of the application. If the decision is to disapprove the application and loan, the administrator shall include the reasons for the decision in the notification.

S.D. Admin. R. 12:07:10:06

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.

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