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 12:22:02:10 - Reservation of right to make loan
Universal Citation: SD Admin Rules 12:22:02:10
Current through Register Vol. 51, page 43, September 23, 2024
If the VAFA approves the loan application, the application shall then be sent to the agency for approval. Except as provided in this section, no loan agreement may be made unless approved by the agency. If the agency rejects a loan application, the VAFA may approve the loan from VAFA funds that are not subject to an agreement between the VAFA and the agency if the loan otherwise complies with this chapter.
General Authority: SDCL 1-16E-24.
Law Implemented: SDCL 1-16E-8.
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