<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.sd12f346d-50bd-4b21-b5c4-d1e230303182P0 { 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.sd12f346d-50bd-4b21-b5c4-d1e230303182C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd12f346d-50bd-4b21-b5c4-d1e230303182000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000003 { 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="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:09:26:11"><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000000">20:09:26:11</span></a><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000001">.  </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000001">Use of housing infrastructure funding</span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000001">.</span><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0"> </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">Housing infrastructure funding may not be used to finance</span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">:</span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182000002"> </span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">    </span><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">(1)  </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">The acquisition of real property that is not developed as public infrastructure</span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">;</span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">    (2)  </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">The construction of any permanent physical structure or building other than public infrastructure; or</span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">    (3)  </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">Any debt of the applicant</span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">.</span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182000002"> </span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">    </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000001">Source:</span><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0"> </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">49 SDR 125, effective July 3, 2023</span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">.</span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">    </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000001">General Authority:</span><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-6"><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000003">11-15-6</span></a><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">.</span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">    </span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000001">Law Implemented:</span><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-1"><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000003">11-15-1</span></a><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-5"><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0-000003">11-15-5</span></a><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">, inclusive</span><span class="sd12f346d-50bd-4b21-b5c4-d1e230303182C0">.</span></p><p dir="ltr" class="sd12f346d-50bd-4b21-b5c4-d1e230303182P0"><span xml:space="preserve" class="sd12f346d-50bd-4b21-b5c4-d1e230303182000002"> </span></p></div></body></html>