70:05:03:03.  Application requirements. The department shall provide application forms to applicants. The application must be complete before it is processed. Applications must include the following information:

    (1)  The applicant's name and address;

    (2)  A detailed description of the proposed railroad project;

    (3)  The names and addresses of the proposed rail operator and any other benefitted entity;

    (4)  Articles of incorporation and bylaws or other agreements that describe the legal operation or structure of the regional railroad authority;

    (5)  A statement that addresses the economic benefit of the project;

    (6)  Assurance of compliance with local zoning laws and building codes;

    (7)  The approximate project commencement date, the completion date, and the date by which the project will be fully operational; and

    (8)  Any other information requested by the department or the board to make a sound loan decision.

    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.