South Dakota Administrative Rules
Title 68 - Tourism and State Development
Article 68:01 - Economic development finance authority
Chapter 68:01:01 - General provisions
Section 68:01:01:02 - Permissible uses of loan proceeds
Universal Citation: SD Admin Rules 68:01:01:02
Current through Register Vol. 51, page 43, September 23, 2024
The proceeds of a loan may be used to refund state or municipal obligations or obligations issued on behalf of a state agency, instrumentality, or political subdivision, the proceeds of which were applied to finance eligible project costs.
General Authority: SDCL 1-16B-14(4).
Law Implemented: SDCL 1-16B-14(4).
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