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 12:07:12:19 - Interest rate determination
Universal Citation: SD Admin Rules 12:07:12:19
Current through Register Vol. 50, page 114, March 25, 2024
Except as stated in § 12:07:12:18, the secretary may change the rate of interest per annum according to the following procedure:
(1) The secretary shall request recommendations for an interest rate from the review committee and the administrator;
(2) The secretary shall request information on current market rates;
(3) Within five working days, the secretary shall set the standard interest rate.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
