<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.s07c62da9-974a-4cbb-98b6-726f504cf4ceP0 { 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.s07c62da9-974a-4cbb-98b6-726f504cf4ceC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s07c62da9-974a-4cbb-98b6-726f504cf4ce000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000003 { 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="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=70:05:03:03"><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000000">70:05:03:03</span></a><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000001">.  Application requirements.</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> The </span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">department</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> shall provide application forms to applicants. The application must be complete before it is processed. Applications must include the following information:</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ce000002"> </span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (1)  The applicant's name and address;</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (2)  A detailed description of the proposed railroad project;</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (</span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">3</span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">)  The names</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> and</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> addresses of the proposed rail operator</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> and any other benefitted entity</span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">;</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (</span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">4</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">)  Articles of incorporation and bylaws or other agreements that describe the legal operation or structure of the </span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">regional railroad authority</span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">;</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (5)  A statement that addresses the economic benefit of the project;</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (6)  Assurance of compliance with local zoning laws and building codes;</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (7)  The approximate project commencement date, the completion date, and the date by which the project will be fully operational;</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> and</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    (8)  Any other information requested by the </span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">department or the </span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">board to make a sound loan decision.</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ce000002"> </span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    </span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000001">Source:</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> 19 SDR 107, effective January 24, 1993</span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">; 49 SDR 47, effective November 21, 2022</span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">.</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    </span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000001">General Authority:</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=49-16C-3"><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000003">49-16C-3</span></a><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">.</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">    </span><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000001">Law Implemented:</span><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=49-16C-3"><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0-000003">49-16C-3</span></a><span class="s07c62da9-974a-4cbb-98b6-726f504cf4ceC0">.</span></p><p dir="ltr" class="s07c62da9-974a-4cbb-98b6-726f504cf4ceP0"><span xml:space="preserve" class="s07c62da9-974a-4cbb-98b6-726f504cf4ce000002"> </span></p></div></body></html>