<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.scb8949f1-c02a-477a-82b5-fd595bcaedeeP0 { 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.scb8949f1-c02a-477a-82b5-fd595bcaedeeC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scb8949f1-c02a-477a-82b5-fd595bcaedee000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.scb8949f1-c02a-477a-82b5-fd595bcaedeeP0-000004 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: left; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } </style></head><body><div><p dir="ltr" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeP0"><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:03:03:12"><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000000">12:03:03:12</span></a><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000001">.  Approval procedure for loan extension or modification request.</span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0"> Upon the approval of a request for an extension or modification of the terms of a loan, the commission shall </span><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">provide</span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0"> a form containing the revised terms and conditions of the loan to the district. The chair</span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0"> or designated signatory</span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0"> shall sign the agreement form in the name of the district at a district meeting. The district shall submit the agreement form and the minutes of the district meeting </span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">at which the document was signed </span><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">to the division.</span></p><p dir="ltr" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeP0"><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedee000002"> </span></p><p dir="ltr" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeP0"><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">    </span><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000001">Source:</span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0"> 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="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">; 49 SDR 48, effective November 23, 2022</span><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">.</span></p><p dir="ltr" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeP0"><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">    </span><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000001">General Authority:</span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000003">38-8-53</span></a><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">.</span></p><p dir="ltr" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeP0"><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">    </span><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000001">Law Implemented:</span><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0-000003">38-8-53</span></a><span class="scb8949f1-c02a-477a-82b5-fd595bcaedeeC0">.</span></p><p dir="ltr" class="scb8949f1-c02a-477a-82b5-fd595bcaedeeP0-000004"><span xml:space="preserve" class="scb8949f1-c02a-477a-82b5-fd595bcaedee000002"> </span></p></div></body></html>