<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.sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0 { 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.sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbac724d0-5215-41e7-ac28-e6e6ccaa1fbc000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000003 { 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="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:09:26:17"><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000000">20:09:26:17</span></a><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000001">.  </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000001">Time restrictions on housing infrastructure funding applicant</span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000001">.</span><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0"> </span><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">The authority may require </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">an</span><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0"> applicant to return housing infrastructure funding if the applicant fails to commence construction on the housing infrastructure project within nine months of the date of the written agreement. The authority may agree to an extended construction commencement date as a term of the written agreement</span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">.</span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbc000002"> </span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">    </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">The authority may require the applicant to return housing infrastructure funding that has not been expended by the applicant within two years of the date of the written agreement</span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">.</span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbc000002"> </span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">    </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">The executive director of the authority may authorize an extension of up to six months to the established construction commencement date or the date by which funding must be expended, if the executive director finds that mitigating circumstances prevent the applicant from meeting the deadline and the applicant has made a diligent effort to meet the deadline</span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">.</span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbc000002"> </span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">    </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000001">Source:</span><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0"> </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">49 SDR 125, effective July 3, 2023; 52 SDR 10, effective August 4, 2025</span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">.</span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">    </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000001">General Authority:</span><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-6"><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000003">11-15-6</span></a><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">.</span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">    </span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000001">Law Implemented:</span><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-1"><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000003">11-15-1</span></a><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-5"><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0-000003">11-15-5</span></a><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">, inclusive</span><span class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcC0">.</span></p><p dir="ltr" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbcP0"><span xml:space="preserve" class="sbac724d0-5215-41e7-ac28-e6e6ccaa1fbc000002"> </span></p></div></body></html>