South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:22 - Agribusiness bonding and lending programs
Chapter 12:22:03 - Value-added agriculture subfund
Section 12:22:03:09 - Review of financial status
Universal Citation: SD Admin Rules 12:22:03:09
Current through Register Vol. 50, page 114, March 25, 2024
After the funding is approved but before the funding is disbursed, the board or SDDA may conduct an overall review of the applicant's financial status. This review may include an analysis of all assets and liabilities and an analysis of the applicant's ability to repay the loan, if necessary, and comply with the official funding approval. The board may withdraw the commitment at any time if a material adverse change occurs.
General Authority: SDCL 38-6-16.
Law Implemented: SDCL 38-6-16.
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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