<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.sfd1722f8-6007-48f5-b456-7333edd274b4P0 { 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.sfd1722f8-6007-48f5-b456-7333edd274b4C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfd1722f8-6007-48f5-b456-7333edd274b4C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfd1722f8-6007-48f5-b456-7333edd274b4C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfd1722f8-6007-48f5-b456-7333edd274b4000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfd1722f8-6007-48f5-b456-7333edd274b4C0-000003 { 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="sfd1722f8-6007-48f5-b456-7333edd274b4P0"><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:21:01:19"><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0-000000">12:21:01:19</span></a><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0-000001">.  Right to audit.</span><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0"> The authority may audit the records of the lender and the beginning farmer relating to any loan or bond governed by this chapter to ensure that bond proceeds were used for a qualified purpose by a qualified user.</span></p><p dir="ltr" class="sfd1722f8-6007-48f5-b456-7333edd274b4P0"><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4000002"> </span></p><p dir="ltr" class="sfd1722f8-6007-48f5-b456-7333edd274b4P0"><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">    </span><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0-000001">Source:</span><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0"> 22 SDR 97, effective January 22, 1996</span><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">; 52 SDR 49, effective November 17, 2025</span><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">.</span></p><p dir="ltr" class="sfd1722f8-6007-48f5-b456-7333edd274b4P0"><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">    </span><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0-000001">General Authority:</span><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0-000003">1-16B-70</span></a><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">.</span></p><p dir="ltr" class="sfd1722f8-6007-48f5-b456-7333edd274b4P0"><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">    </span><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0-000001">Law Implemented:</span><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-57"><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0-000003">1-16B-57</span></a><span class="sfd1722f8-6007-48f5-b456-7333edd274b4C0">.</span></p><p dir="ltr" class="sfd1722f8-6007-48f5-b456-7333edd274b4P0"><span xml:space="preserve" class="sfd1722f8-6007-48f5-b456-7333edd274b4000002"> </span></p></div></body></html>