46A-1-67.1. Repayment of loan may be deferred until execution of contract for project construction.

The provisions of § 46A-1-67 notwithstanding, repayment of any water project study loan that has been made or will be made pursuant to chapter 46A-1 by agreement between the South Dakota Conservancy District and any public or private entity may be deferred until the entity has executed a contract with the United States for the purpose of constructing the water project that was the subject of the study loan agreement.

Source: SL 1987, chapter 330, § 2.