South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:07 - Agriculture enterprise programs
Chapter 12:07:14 - Value adding livestock underwriting
Section 12:07:14:15 - Number of guaranties allowed
Universal Citation: SD Admin Rules 12:07:14:15
Current through Register Vol. 50, page 114, March 25, 2024
A borrower may not have more than one outstanding VALU guaranty at any one time. Only one VALU guaranty may be issued for each household. If a borrower is an entity as described in subdivision 12:07:13:03(2), individual members of the entity who meet the requirements of subdivision 12:07:14:03(1) and other provisions of this chapter may apply for a separate VALU guaranty.
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.
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