<html> <head> <title>Rule 12:03:03:08 Statement of usage.</title> <META NAME="Keywords" Content="Administrative Rules 12:03:03:08"> <META NAME="Description" Content="Administrative Rules 12:03:03:08 Statement of usage."> <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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>12:03:03:08.&nbsp;&nbsp;Statement of usage.</b> Each district receiving a loan from the revolving fund shall submit a statement of usage describing the current status of the loan and, if the loan was used to purchase equipment, the use and operation of that equipment during the year. A conservation district shall submit its statement of usage to the commission at the time of the annual financial statement. A watershed district shall submit its statement at the time of each payment.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 11 SDR 59, effective October 29, 1984; 12 SDR 128, 12 SDR 154, effective July 1, 1986; 21 SDR 90, effective November 14, 1994.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=38-8-53">38-8-53</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=38-8-53.1">38-8-53.1.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=38-8-53">38-8-53</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=38-8-53.1">38-8-53.1.</A></p> </div> </body> </html>