South Dakota Administrative Rules
Title 70 - Department of Transportation
Article 70:05 - State Railroad Board
Chapter 70:05:03 - Railroad trust fund loans
Section 70:05:03:13 - Review of financial status
Universal Citation: SD Admin Rules 70:05:03:13
Current through Register Vol. 50, page 114, March 25, 2024
The board or the department may conduct an overall review of the financial status of an applicant or borrower and any benefitted entity. The review may include an analysis of all assets and liabilities and an analysis of the ability of the applicant or borrower and any benefitted entity to service and honor the loan commitments.
General Authority: SDCL 49-16C-3.
Law Implemented: SDCL 1-44-20, 49-16C-3.
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