<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.s234fd531-79d1-4a94-b4ce-cca3214eaed0P0 { 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.s234fd531-79d1-4a94-b4ce-cca3214eaed0C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s234fd531-79d1-4a94-b4ce-cca3214eaed0000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:22:01:01"><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000000">12:22:01:01</span></a><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000001">.  Definitions.</span><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0"> Terms defined in SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-1"><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000002">1-16B-1</span></a><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0"> have the same meaning when used in this article. In addition, terms used in this article mean:</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    (1)  "Bond purchaser," any individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity, that purchases an authority bond under the agribusiness bonding program;</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    (2)  "Commissioner," the commissioner of the Governor's Office of Economic Development;</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    (3)  "Eligible applicant." a </span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">for-</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">profit or nonprofit agricultural or business enterprise;</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    (</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">4</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">)  "Program," the agribusiness bonding program;</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    (</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">5</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">)  "Project," a description of the intended use of the loan proceeds;</span><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0"> and</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    (</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">6</span><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">)  "Qualified purpose," </span><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">any </span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">land, buildings or other improvements, or any real or personal property, debt service reserve fund, capitalized interest, and any cost relating to the foregoing.</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    </span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000001">Source:</span><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0"> 23 SDR 161, effective April 7, 1997</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">; 52 SDR 49, effective November 17, 2025</span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">.</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    </span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000001">General Authority:</span><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000002">1-16B-70</span></a><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">.</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">    </span><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000001">Law Implemented:</span><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-1"><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000002">1-16B-1</span></a><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-56"><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000002">1-16B-56</span></a><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-57"><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0-000002">1-16B-57</span></a><span class="s234fd531-79d1-4a94-b4ce-cca3214eaed0C0">.</span></p><p dir="ltr" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0P0"><span xml:space="preserve" class="s234fd531-79d1-4a94-b4ce-cca3214eaed0000003"> </span></p></div></body></html>