South Dakota Administrative Rules
Title 31 - Governor's Office of Economic Development
Article 31:02 - Ethanol infrastructure incentive program
Chapter 31:02:01 - Ethanol Infrastructure Incentive Program
Section 31:02:01:08 - Default
Current through Register Vol. 51, page 43, September 23, 2024
Any of the following constitutes a default upon the terms of an ethanol infrastructure incentive program grant:
(1) Any part of a grant application is shown to be materially false or misleading;
(2) Any part of the grant is used for any purpose other than reimbursement for eligible project costs;
(3) The grantee fails to commence or complete the project within the time allowed by this chapter;
(4) For projects involving the installation of ethanol blender pumps, the grantee fails to continue to sell ethanol blends in excess of fifteen percent ethanol for a minimum of twenty-four months after project completion; or
(5) Repeated failure by the grantee to provide access to facilities or documents or to provide the reports and other information required by this chapter.
General Authority: SDCL 10-47B-164.1, 10-47B-164.2.
Law Implemented: SDCL 10-47B-164.1.