South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:22 - Agribusiness bonding and lending programs
Chapter 12:22:02 - Value added agribusiness relending program
Section 12:22:02:04 - Loan amounts
Universal Citation: SD Admin Rules 12:22:02:04
Current through Register Vol. 51, page 43, September 23, 2024
The total of all loans to any borrower may not exceed the lesser of:
(1) $250,000; or
(2) Seventy-five percent of the total project cost.
No more than 25 percent of the VAARP loan fund may be used for loans that exceed $150,000.
General Authority: SDCL 1-16E-24.
Law Implemented: SDCL 1-16E-8.
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