<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.s784142f1-0bd4-4d34-954e-8ae3f707097aP0 { 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.s784142f1-0bd4-4d34-954e-8ae3f707097aC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s784142f1-0bd4-4d34-954e-8ae3f707097a000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000003 { 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="s784142f1-0bd4-4d34-954e-8ae3f707097aP0"><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=70:05:03:11"><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000000">70:05:03:11</span></a><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000001">.  Additional notification requirements.</span><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0"> The borrower shall notify the board in a timely manner of any change in the rail operator</span><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0"> or any other benefitted entity</span><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">. If the notice required in this section is not provided, the board may call the loan immediately due and payable.</span></p><p dir="ltr" class="s784142f1-0bd4-4d34-954e-8ae3f707097aP0"><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097a000002"> </span></p><p dir="ltr" class="s784142f1-0bd4-4d34-954e-8ae3f707097aP0"><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">    </span><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000001">Source:</span><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0"> 19 SDR 107, effective January 24, 1993</span><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">; 49 SDR 47, effective November 21, 2022</span><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">.</span></p><p dir="ltr" class="s784142f1-0bd4-4d34-954e-8ae3f707097aP0"><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">    </span><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000001">General Authority:</span><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=49-16C-3"><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000003">49-16C-3</span></a><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">.</span></p><p dir="ltr" class="s784142f1-0bd4-4d34-954e-8ae3f707097aP0"><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">    </span><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000001">Law Implemented:</span><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=49-16C-3"><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0-000003">49-16C-3</span></a><span class="s784142f1-0bd4-4d34-954e-8ae3f707097aC0">.</span></p><p dir="ltr" class="s784142f1-0bd4-4d34-954e-8ae3f707097aP0"><span xml:space="preserve" class="s784142f1-0bd4-4d34-954e-8ae3f707097a000002"> </span></p></div></body></html>