<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.saea8149f-4833-49e7-b676-e9635eada977P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: center; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.saea8149f-4833-49e7-b676-e9635eada977C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.saea8149f-4833-49e7-b676-e9635eada977C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.saea8149f-4833-49e7-b676-e9635eada977000001 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.saea8149f-4833-49e7-b676-e9635eada977C0-000002 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.saea8149f-4833-49e7-b676-e9635eada977P0-000003 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.saea8149f-4833-49e7-b676-e9635eada977C0-000004 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0"><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0">CHAPTER </span><a href="https://sdlegislature.gov/Rules?Rule=12:21:01"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000000">12:21:01</span></a></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0"><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977000001"> </span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0"><span class="saea8149f-4833-49e7-b676-e9635eada977C0">BEGINNING FARMER LOAN PROGRAM</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">(SL 2019, ch 235, § 37 and 38, effective April 14, 2019)</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0"><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977000001"> </span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">Section</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:01"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:01</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Definitions.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:02"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:02</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Assets and liabilities.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:03"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:03</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Contents of application.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:04"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:04</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Net worth requirements.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:05"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:05</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Procedure for informal settlements in contested cases</span><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">, Repealed</span><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:06"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:06</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Eligibility.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:07"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:07</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Maximums and minimums.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:08"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:08</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Limitations on improvements and depreciable property.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:09"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:09</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Loan requirements.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:10"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:10</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Availability of books and records.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:11"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:11</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        South Dakota beginning farmer bond program.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:12"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:12</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Application procedures.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:13"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:13</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Issuance of bond.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:14"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:14</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Priority of applications.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:15"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:15</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Procedures following bond issuance.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:16"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:16</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Assignment of loans by participating lenders.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:17"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:17</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Assignment of loans by bond purchasers.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:18"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:18</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        </span><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">S</span><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">ubstitution of collateral and transfer of property.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:19"><span class="saea8149f-4833-49e7-b676-e9635eada977C0-000004">12:21:01:19</span></a><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977C0-000002">        Right to audit.</span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977000001"> </span></p><p dir="ltr" class="saea8149f-4833-49e7-b676-e9635eada977P0-000003"><span xml:space="preserve" class="saea8149f-4833-49e7-b676-e9635eada977000001"> </span></p></div></body></html>