<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.sdfe77954-061c-436c-8b3f-adc39ffee307P0 { 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.sdfe77954-061c-436c-8b3f-adc39ffee307C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdfe77954-061c-436c-8b3f-adc39ffee307C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdfe77954-061c-436c-8b3f-adc39ffee307C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdfe77954-061c-436c-8b3f-adc39ffee307C0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdfe77954-061c-436c-8b3f-adc39ffee307000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sdfe77954-061c-436c-8b3f-adc39ffee307P0"><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"></span><a href="https://sdlegislature.gov/Rules?Rule=12:03:03:08"><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000000">12:03:03:08</span></a><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000001">.Statement of usage.</span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"> Each district receiving a loan from the revolving fund shall submit a statement 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 </span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">and proof of insurance coverage </span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">to the commission </span><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">together with</span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"> the annual financial statement</span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">s as required by </span><a href="https://sdlegislature.gov/Rules?Rule=12:03:03:02"><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000002">12:03:03:02</span></a><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">(7)</span><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">.</span></p><p dir="ltr" class="sdfe77954-061c-436c-8b3f-adc39ffee307P0"><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307000003"> </span></p><p dir="ltr" class="sdfe77954-061c-436c-8b3f-adc39ffee307P0"><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"></span><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000001">Source:</span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"> 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="sdfe77954-061c-436c-8b3f-adc39ffee307C0">; 49 SDR 48, effective November 23, 2022</span><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">.</span></p><p dir="ltr" class="sdfe77954-061c-436c-8b3f-adc39ffee307P0"><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"></span><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000001">General Authority:</span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000002">38-8-53</span></a><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">.</span></p><p dir="ltr" class="sdfe77954-061c-436c-8b3f-adc39ffee307P0"><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"></span><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000001">Law Implemented:</span><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0-000002">38-8-53</span></a><span class="sdfe77954-061c-436c-8b3f-adc39ffee307C0">.</span></p><p dir="ltr" class="sdfe77954-061c-436c-8b3f-adc39ffee307P0"><span xml:space="preserve" class="sdfe77954-061c-436c-8b3f-adc39ffee307000003"> </span></p></div></body></html>