70:05:03:05.  Permissible uses of loan proceeds. Railroad trust fund loans may be used for the acquisition, development, and improvement of railroad infrastructure.

    Source: 19 SDR 107, effective January 24, 1993; 49 SDR 47, effective November 21, 2022.

    General Authority: SDCL 49-16C-3.

    Law Implemented: SDCL 49-16C-3.