<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.sb0d62cd0-35b0-45eb-8dce-519c38ff08d2P0 { 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.sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb0d62cd0-35b0-45eb-8dce-519c38ff08d2000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000003 { 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="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2P0"><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:03:03:03.01"><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000">12</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000">:</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000">03</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000">:</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000">03</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000">:</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000000">03.01</span></a><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000001">.  </span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000001">Insurance deductible required for the purchase of equipment-minimal amount</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000001">.</span><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0"> </span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">If the loan is for the purpose of purchasing equipment, the insurance deductible may not exceed $5,000 except with prior commission approval. The commission may grant prior approval for an insurance deductible exceeding $5,000 when it is not possible or practical to insure the equipment for a lesser amount.</span></p><p dir="ltr" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2P0"><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2000002"> </span></p><p dir="ltr" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2P0"><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">    </span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000001">Source:</span><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0"> </span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">49 SDR 48, effective November 23, 2022</span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">.</span></p><p dir="ltr" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2P0"><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">    </span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000001">General Authority:</span><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000003">38-8-53</span></a><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">.</span></p><p dir="ltr" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2P0"><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">    </span><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000001">Law Implemented:</span><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0-000003">38-8-53</span></a><span class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2C0">.</span></p><p dir="ltr" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2P0"><span xml:space="preserve" class="sb0d62cd0-35b0-45eb-8dce-519c38ff08d2000002"> </span></p></div></body></html>