South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:07 - Agriculture enterprise programs
Chapter 12:07:12 - Rural development loans and participations
Section 12:07:12:17 - Loan repayments and maturities
Universal Citation: SD Admin Rules 12:07:12:17
Current through Register Vol. 50, page 114, March 25, 2024
Loan maturities and repayment schedules shall be based on the project purpose and depreciable life of the security, but may not exceed a total often years. Direct loans may have a longer maturity. There is no prepayment penalty.
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.
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