South Dakota Administrative Rules
Title 68 - Tourism and State Development
Article 68:01 - Economic development finance authority
Chapter 68:01:02 - APEX loan program
Section 68:01:02:17 - Reporting requirements for borrower

Universal Citation: SD Admin Rules 68:01:02:17

Current through Register Vol. 51, page 43, September 23, 2024

The borrower shall submit to the authority annually a report containing the following information:

(1) An employment report;

(2) The amount of agricultural products used in the business and the amount of the product that is exported from the state;

(3) The number of jobs for low-income persons and displaced farm families;

(4) Financial statements in a form acceptable to the authority as specified in the loan authorization document; and

(5) Other information as requested by the authority.

The authority may require that the financial statements be compiled, reviewed, or audited by an independent accountant at the expense of the borrower.

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

Law Implemented: SDCL 1-16B-37, 1-16B-44, 1-16B-46.

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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