<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.sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0 { 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.sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000003 { 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="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:03:03:02"><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000000">12:03:03:02</span></a><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000001">.  Application for loan.</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> A district may apply for a loan from the </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">special revenue</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> fund by submitting an application to the commission.</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> The commission shall review applications twice per year. The commission shall conduct the first review for applications received from January first through June thirtieth. The commission shall conduct the second review for applications received from July first through December thirty-first. Applications must be received by the division before 5:00 p.m. Central Time on the stated date.</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    The commission may consider applications for emergency funding at any meeting.</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    An</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> application </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">for a loan must</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> be on </span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">a </span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">form provided by the commission and </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">must</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">:</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (1)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">State t</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">he name of the district;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (2)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">State t</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">he name and </span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">office mailing </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">address of the district employee authorized to act on behalf of the board of supervisors;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (3)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">State t</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">he amount of funds and the term of the loan being requested;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (4)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">Include a description of</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> when and how the </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">loan</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> will be used;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (5)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">Indicate whether the district has pursued other loans and if any loans received will be used in conjunction with the revolving loan fund for the same purpose</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (6)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">Include the district's current financial statement</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (7)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">Be accompanied by the past year's financial statements and the projected financial statements of the district over the term of the loan</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (8)  </span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">Include </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">the minutes of the district meeting at which the loan application was authorized;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (9)  </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">Include the source and policy limits of any liability insurance if the loan is for the purpose of purchasing equipment</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (10)  A statement that the district will maintain financial records</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">,</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> as required by the commission</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">,</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> and will make those records available to the commission or its agent for inspection upon request;</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (11)  The date of the application; and</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    (12)  The signature of the </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">board of supervisors' chair or designated signatory</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">.</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000001">Source:</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> 11 SDR 59, effective October 29, 1984; 12 SDR 128, 12 SDR 154, effective July 1, 1986; 21 SDR 90, effective November 14, 1994</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">; 49 SDR 48, effective November 23, 2022</span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">.</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000001">General Authority:</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000003">38-8-53</span></a><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">.</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">    </span><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000001">Law Implemented:</span><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0-000003">38-8-53</span></a><span class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910C0">.</span></p><p dir="ltr" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910P0"><span xml:space="preserve" class="sdaacbc2b-5f98-4f34-a805-ff28dbc61910000002"> </span></p></div></body></html>