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 12:07:12:06 - Permissible uses of loan proceeds
Universal Citation: SD Admin Rules 12:07:12:06
Current through Register Vol. 50, page 114, March 25, 2024
The loan proceeds may only be used for purposes related to the project, including the following:
(1) Purchase of land necessary to the project and site development or improvement;
(2) Construction or acquisition and remodeling of buildings and facilities, including purchase and installation of machinery and equipment; and
(3) Livestock purchases.
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.
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