<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.s058301bc-bc28-4a33-b846-32171aba59b0P0 { 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.s058301bc-bc28-4a33-b846-32171aba59b0C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s058301bc-bc28-4a33-b846-32171aba59b0C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s058301bc-bc28-4a33-b846-32171aba59b0C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s058301bc-bc28-4a33-b846-32171aba59b0000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s058301bc-bc28-4a33-b846-32171aba59b0C0-000003 { 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="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:09:26:19"><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000000">20:09:26:19</span></a><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000001">.  Disbursements of housing infrastructure funding.</span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0"> </span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">In order to receive a periodic disbursement of housing infrastructure funding, </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">an</span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0"> applicant must</span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">:</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0000002"> </span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    </span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">(1)  </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">Enter into a written agreement</span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">;</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    (2)  </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">Remain in compliance with the written agreement and applicable law; and</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    (3)  </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">Provide any document</span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">ation</span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0"> required by the authority</span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">.</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0000002"> </span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">The authority may not periodically disburse to the applicant an amount of housing infrastructure funding, cumulative with prior disbursals, that exceeds one-third of the accumulated total project cost of the housing infrastructure project to date. The authority may not disburse the final ten percent of the total amount of the housing infrastructure funding awarded to the applicant until after the housing infrastructure project is complete and the applicant has submitted to the authority lien waivers for all work performed and all other documentation required by the authority</span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">.</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0000002"> </span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000001">Source:</span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0"> </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">49 SDR 125, effective July 3, 2023; 52 SDR 10, effective August 4, 2025</span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">.</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000001">General Authority:</span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-6"><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000003">11-15-6</span></a><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">.</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0">    </span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000001">Law Implemented:</span><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-1"><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000003">11-15-1</span></a><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0C0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=11-15-5"><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0-000003">11-15-5</span></a><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">, inclusive</span><span class="s058301bc-bc28-4a33-b846-32171aba59b0C0">.</span></p><p dir="ltr" class="s058301bc-bc28-4a33-b846-32171aba59b0P0"><span xml:space="preserve" class="s058301bc-bc28-4a33-b846-32171aba59b0000002"> </span></p></div></body></html>