South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:07 - Agriculture enterprise programs
Chapter 12:07:14 - Value adding livestock underwriting
Section 12:07:14:07 - Guaranty decision process
Universal Citation: SD Admin Rules 12:07:14:07
Current through Register Vol. 50, page 114, March 25, 2024
Upon receipt of the application and loan documentation, the administrator shall take the following action:
(1) Review the application and application documentation for completeness and for project feasibility;
(2) Base actions on the following criteria:
(a) The application meets the requirements
contained in this chapter;
(b) The
applicant meets the requirements contained in this chapter;
(c) The lender meets the requirements
contained in this chapter;
(3) Recommend approval of the application as presented, conditional approval of the application subject to modification or performance of certain actions, or disapproval of the application and submit the application to the secretary.
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.
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