<html> <head> <title>Rule 31:01:03:06 Loan approval.</title> <META NAME="Keywords" Content="Administrative Rules 31:01:03:06"> <META NAME="Description" Content="Administrative Rules 31:01:03:06 Loan approval."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>31:01:03:06.&nbsp;&nbsp;Loan approval.</b> Applications shall be considered for loan approval upon completion of the administrative and technical review. Approval shall be based upon the following:</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;Results of the administrative and technical review;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;Economic stability of the applicant;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;Demonstrated ability of the applicant to utilize the funds to implement the energy conservation measures; and</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)&nbsp;&nbsp;Comparative standing among all applicants for funds available. Criteria will include payback, fuel type saved, and geographical location.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 14 SDR 183, effective July 13, 1988; transferred from §&nbsp;20:13:03:06, 15 SDR 209, effective July 9, 1989; 19 SDR 148, effective April 4, 1993; 20 SDR 222, effective July 5, 1994.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=1-33B-15">1-33B-15.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=1-33B-15">1-33B-15.</A></p> </div> </body> </html>