<html> <head> <title>Rule 74:05:12:14 Size and type of awards.</title> <META NAME="Keywords" Content="Administrative Rules 74:05:12:14"> <META NAME="Description" Content="Administrative Rules 74:05:12:14 Size and type of awards."> <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>74:05:12:14.&nbsp;&nbsp;Size and type of awards.</b>&nbsp; The board may award an amount different than that requested in the brownfields revolving loan subfund application.&nbsp; The board may award grants, loans, or a combination of grants and loans.&nbsp; Grant awards may not exceed 40 percent of the total award.&nbsp; In determining the amount of financial assistance, the board shall consider the following:</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; (1)&nbsp;&nbsp;The availability of brownfields revolving loan subfund funds;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;The applicant's need;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;Public support for the project;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)&nbsp;&nbsp;Violation of health or environmental standards or a significant safety risk and how the project will minimize or correct the violations; and</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)&nbsp;&nbsp;The applicant's ability to repay a loan.</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> 31 SDR 94, effective January 5, 2005.</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-1-102">46A-1-102</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46A-1-103">46A-1-103.</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-1-100">46A-1-100</A> to <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46A-1-106">46A-1-106</A>, inclusive.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> </div> </body> </html>