<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.sfe6211b2-dab4-4661-b29a-f73817ae4623P0 { 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.sfe6211b2-dab4-4661-b29a-f73817ae4623C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfe6211b2-dab4-4661-b29a-f73817ae4623000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000003 { 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="sfe6211b2-dab4-4661-b29a-f73817ae4623P0"><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=74:05:11:18"><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000000">74:05:11:18</span></a><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000001">.  Loans to disadvantaged communities.</span><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0"> The board may provide additional subsidies to disadvantaged communities in the form of principal forgiveness as provided under the Act. The board may set interest rates for disadvantaged communities below the rate set for other loan recipients. A loan for a disadvantaged community with a median household income less than </span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">sixty</span><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0"> percent of the state-wide median household income may be awarded at zero percent interest.</span></p><p dir="ltr" class="sfe6211b2-dab4-4661-b29a-f73817ae4623P0"><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623000002"> </span></p><p dir="ltr" class="sfe6211b2-dab4-4661-b29a-f73817ae4623P0"><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">    </span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000001">Source:</span><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0"> 23 SDR 195, effective May 25, 1997; 25 SDR 93, effective January 9, 1999; 28 SDR 95, effective December 19, 2001; 40 SDR 14, effective July 29, 2013</span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">; 49 SDR 100, effective May 22, 2023</span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">.</span></p><p dir="ltr" class="sfe6211b2-dab4-4661-b29a-f73817ae4623P0"><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">    </span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000001">General Authority:</span><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.2"><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000003">46A-1-60.</span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000003">2</span></a><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">.</span></p><p dir="ltr" class="sfe6211b2-dab4-4661-b29a-f73817ae4623P0"><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">    </span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000001">Law Implemented:</span><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.1"><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000003">46A-1-60.1</span></a><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.3"><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0-000003">46A-1-60.3</span></a><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">; inclusive</span><span class="sfe6211b2-dab4-4661-b29a-f73817ae4623C0">.</span></p><p dir="ltr" class="sfe6211b2-dab4-4661-b29a-f73817ae4623P0"><span xml:space="preserve" class="sfe6211b2-dab4-4661-b29a-f73817ae4623000002"> </span></p></div></body></html>