74:05:08:12.01.  Principal forgiveness as part of assistance agreements. Assistance recipients described in § 74:05:08:02 that meet the affordability criteria described in § 74:05:08:12.03 and minimum established rates may receive principal forgiveness as authorized by the Act in an amount determined by the board. Applicants seeking assistance to implement a process, material, technique, or technology to address water or energy efficiency goals, mitigate storm water run-off, or encourage sustainable project planning, design, and construction may receive principal forgiveness in an amount determined by the board without meeting the affordability criteria and minimum established rate.

          Source: 36 SDR 208, effective June 28, 2010; 40 SDR 14, effective July 29, 2013; 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.