<html> <head> <title>Rule 74:05:10:12.01 Loan interest rates, parity positions, and revenue requirements.</title> <META NAME="Keywords" Content="Administrative Rules 74:05:10:12.01"> <META NAME="Description" Content="Administrative Rules 74:05:10:12.01 Loan interest rates, parity positions, and revenue requirements."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>74:05:10:12.01.&nbsp;&nbsp;Loan interest rates, parity position, and revenue requirements.</b> The board shall establish interest rates for the solid waste management program. The board may adjust the interest rates at any meeting if the proposed action is included on the agenda posted for the meeting. A loan must be prior to or at parity with other loans having the same security unless the board approves otherwise. The applicant must show evidence that revenues are sufficient to support the proposed project considered for funding.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 23 SDR 12, effective July 30, 1996; 28 SDR 95, effective December 19, 2001.</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46A-1-67">46A-1-67</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46A-1-84">46A-1-84.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46A-1-84">46A-1-84.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> </div> </body> </html>