<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.s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9P0 { 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.s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9000003 { 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="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9P0"><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:09:26:14"><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000000">20:09:26:14</span></a><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000001">.  </span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000001">Approval of housing infrastructure funding -- Conditional commitment -- Written agreement</span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000001">.</span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0"> </span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">The board shall approve or deny an application </span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">for housing infrastructure funding </span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">based on the criteria</span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0"> established in § </span><a href="https://sdlegislature.gov/Rules?Rule=20:09:26:06"><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000002">20:09:26:06</span></a><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">. If an application is approved by the board, the authority must issue a conditional commitment to the applicant setting forth the amount of the housing infrastructure funding, the terms and conditions of the award, and any additional documents and information to be provided by the applicant. The applicant </span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">must</span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0"> enter into a written agreement with the authority stating the terms and conditions of the housing infrastructure funding. If the applicant fails to enter into a written agreement with the authority by the deadline stated in the conditional commitment, the authority may either grant an extension or revoke the conditional commitment</span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">.</span></p><p dir="ltr" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9P0"><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9000003"> </span></p><p dir="ltr" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9P0"><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">    </span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000001">Source:</span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0"> </span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">49 SDR 125, effective July 3, 2023; 52 SDR 10, effective August 4, 2025</span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">.</span></p><p dir="ltr" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9P0"><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">    </span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000001">General Authority:</span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-6"><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000002">11-15-6</span></a><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">.</span></p><p dir="ltr" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9P0"><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">    </span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000001">Law Implemented:</span><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-1"><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000002">11-15-1</span></a><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-5"><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0-000002">11-15-5</span></a><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">, inclusive</span><span class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9C0">.</span></p><p dir="ltr" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9P0"><span xml:space="preserve" class="s5bd52b9a-b13b-4c7a-90a6-e37a990ce5d9000003"> </span></p></div></body></html>