<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.s7f96335a-6245-4ee6-a06b-bed867598f50P0 { 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.s7f96335a-6245-4ee6-a06b-bed867598f50C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s7f96335a-6245-4ee6-a06b-bed867598f50C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7f96335a-6245-4ee6-a06b-bed867598f50C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7f96335a-6245-4ee6-a06b-bed867598f50000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s7f96335a-6245-4ee6-a06b-bed867598f50C0-000003 { 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="s7f96335a-6245-4ee6-a06b-bed867598f50P0"><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:15"><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000000">12:21:01:15</span></a><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000001">.  Procedures following bond issuance.</span><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0"> No bond proceeds may be used for an unqualified purpose or by an unqualified user. Following disbursement of the bond proceeds, the authority may require the lender and the beginning farmer to certify to the authority that the proceeds were used by a qualified beginning farmer for a qualified purpose.</span></p><p dir="ltr" class="s7f96335a-6245-4ee6-a06b-bed867598f50P0"><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50000002"> </span></p><p dir="ltr" class="s7f96335a-6245-4ee6-a06b-bed867598f50P0"><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">    </span><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000001">Source:</span><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0"> 22 SDR 97, effective January 22, 1996</span><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">; 52 SDR 49, effective November 17, 2025</span><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">.</span></p><p dir="ltr" class="s7f96335a-6245-4ee6-a06b-bed867598f50P0"><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">    </span><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000001">General Authority:</span><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000003">1</span><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000003">-16B-70</span></a><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">.</span></p><p dir="ltr" class="s7f96335a-6245-4ee6-a06b-bed867598f50P0"><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">    </span><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000001">Law Implemented:</span><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-57"><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000003">1-16B-57</span></a><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-58"><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0-000003">1-16B-58</span></a><span class="s7f96335a-6245-4ee6-a06b-bed867598f50C0">.</span></p><p dir="ltr" class="s7f96335a-6245-4ee6-a06b-bed867598f50P0"><span xml:space="preserve" class="s7f96335a-6245-4ee6-a06b-bed867598f50000002"> </span></p></div></body></html>