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          74:05:11:11.02.  Principal forgiveness amount determination. In exercising its discretion in determining the amount of principal forgiveness, the board may consider the following decision-making factors, which are set forth in alphabetical order:

 

          (1)  Annual utility operating budgets;

          (2)  Available local cash and in-kind contributions;

          (3)  Available program funds;

          (4)  Compliance with permits and regulations;

          (5)  Debt service capability;

          (6)  Economic impact;

          (7)  Other funding sources;

          (8)  Readiness to proceed;

          (9)  Regionalization or consolidation of facilities;

          (10)  Technical feasibility;

          (11)  Utility rates; and

          (12)  Water quality benefits.

 

          Source: 36 SDR 208, effective June 28, 2010; 41 SDR 173, effective May 11, 2015.

          General Authority: SDCL 46A-1-60.3.

          Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3.

 


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