South Dakota Administrative Rules
Title 68 - Tourism and State Development
Article 68:01 - Economic development finance authority
Chapter 68:01:01 - General provisions
Section 68:01:01:04 - Project costs inclusions and exclusions

Project costs include the aggregate amount of costs authorized by the authority to be incurred for a project and financed or to be financed by a loan, but exclude any costs of issuance and any amounts deposited or to be deposited in a loan reserve account or capitalized interest account. Project costs may include cost of issuance if the authority does not create a cost of issuance account in the series supplemental resolution and the payment of interest due on a loan that corresponds to the payment of interest due on the series of bonds which financed the loan, accruing before the completion of the project.

General Authority: SDCL 1-16B-14(4).

Law Implemented: SDCL 1-16B-14(4).