<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.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0 { 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.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC2 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; text-decoration: underline; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=74:05:08:12.03"><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000000">74:05:08:12.03</span></a><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">.  Affordability criteria to determine principal forgiveness eligibility.</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> All applicants will be awarded points to determine principal forgiveness eligibility as follows: five points if an applicant's median household income is less than or equal to </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">ninety-five</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> percent of the statewide median household income; three points if an applicant's median household income is less than or equal to </span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">one hundred and five percent of </span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">the statewide median household income and greater than </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">ninety-five</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> percent of the statewide median household income; one point if the applicant's 20</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">2</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">0 census population is less than the applicant's 20</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">1</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">0 census population; and one point if an applicant's county unemployment rate is greater than the statewide unemployment rate. If the boundaries of an applicant are located in more than one county, the unemployment rate of the county with the largest percentage of the applicant's population will be used. Applicants must receive a minimum of five points to be eligible for principal forgiveness.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    For the purposes of this section, the term, unemployment rate, means the 2021 average unemployment rate for a county or state, as applicable, as determined by the South Dakota Department of Labor and Regulation, Labor Market Information Center.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">Source:</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> 41 SDR 173, effective May 11, 2015</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">; 49 SDR 100, effective May 22, 2023</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">General Authority:</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.2"><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">46A-1-60.</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">2</span></a><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">Law Implemented:</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.1"><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">46A-1-60.1</span></a><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.3"><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">46A-1-60.3</span></a><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">, inclusive</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">Note</span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">:</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">The 2021 average unemployment rate for a county or state</span><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> is available at no cost over the internet at </span><span class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC2">https://danr.sd.gov/Funding/EnvironmentalFunding/docs/2020_MHI.xlsx</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p></div></body></html>