<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.s4525542e-fa57-4166-87d7-768acd277bfcP0 { 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.s4525542e-fa57-4166-87d7-768acd277bfcC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4525542e-fa57-4166-87d7-768acd277bfcC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4525542e-fa57-4166-87d7-768acd277bfcC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4525542e-fa57-4166-87d7-768acd277bfc000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4525542e-fa57-4166-87d7-768acd277bfcC0-000003 { 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="s4525542e-fa57-4166-87d7-768acd277bfcP0"><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:22:01:11"><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000000">12:22:01:11</span></a><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000001">.  Procedures following bond issuance.</span><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0"> Following disbursement of the bond proceeds, the authority may require the bond purchaser or the bond purchaser's agent and the eligible applicant to certify to the authority that the proceeds were used by a qualified eligible applicant for a qualified purpose.</span></p><p dir="ltr" class="s4525542e-fa57-4166-87d7-768acd277bfcP0"><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfc000002"> </span></p><p dir="ltr" class="s4525542e-fa57-4166-87d7-768acd277bfcP0"><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0">    </span><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000001">Source:</span><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0"> 23 SDR 161, effective April 7, 1997</span><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0">; 52 SDR 49, effective November 17, 2025</span><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0">.</span></p><p dir="ltr" class="s4525542e-fa57-4166-87d7-768acd277bfcP0"><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0">    </span><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000001">General Authority:</span><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000003">1-16B-70</span></a><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0">.</span></p><p dir="ltr" class="s4525542e-fa57-4166-87d7-768acd277bfcP0"><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0">    </span><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000001">Law Implemented:</span><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-56"><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000003">1-16B-56</span></a><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-57"><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000003">1-16B-57</span></a><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-58"><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000003">1-16B-58</span></a><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfcC0">(1), </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-73"><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0-000003">1-16B-73</span></a><span class="s4525542e-fa57-4166-87d7-768acd277bfcC0">.</span></p><p dir="ltr" class="s4525542e-fa57-4166-87d7-768acd277bfcP0"><span xml:space="preserve" class="s4525542e-fa57-4166-87d7-768acd277bfc000002"> </span></p></div></body></html>