<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.s646bd17a-1caf-4601-b82a-3fa0469916e0P0 { 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.s646bd17a-1caf-4601-b82a-3fa0469916e0C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s646bd17a-1caf-4601-b82a-3fa0469916e0000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000003 { 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="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:48.01"><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000000">68:02:01:48.01</span></a><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000001">.  Interest rate.</span><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0"> </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">The board shall establish the standard interest rate for REDI loans from time-to-time and publish the rates on the GOED website. The board may deviate from the standard interest rate based on the economic impact of the project, nature and extent of collateral, risk, the amortization period of the loan, and other prudent lending criteria</span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">.</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0000002"> </span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">The board shall consider the following when establishing the standard interest rate</span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">:</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0000002"> </span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    </span><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">(1)  </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">State and national market interest rates</span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">;</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    (2)  </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">State and national economic conditions</span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">;</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    (3)  </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">The solvency and balance of the REDI fund; and</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    (4)  </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">Other economic or business information necessary to fulfill the board mission to promote economic development in this state</span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">.</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0000002"> </span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">The borrower is responsible for arranging other financing when the loan is due. If the borrower is unable to obtain financing at reasonable rates and upon reasonable terms, the borrower may apply, before the loan due date, for an extension of the loan at an interest rate and for a time period established by the board. The borrower shall submit an application for extension by the monthly loan application deadline prior to the loan maturity date</span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">.</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0000002"> </span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000001">Source:</span><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0"> </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">52 SDR 49, effective November 17, 2025</span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">.</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000001">General Authority:</span><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-5"><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000003">1-16G-5</span></a><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-8"><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000003">1-16G-8</span></a><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">(7)(10).</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">    </span><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000001">Law Implemented:</span><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-5"><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0-000003">1-16G-5</span></a><span class="s646bd17a-1caf-4601-b82a-3fa0469916e0C0">.</span></p><p dir="ltr" class="s646bd17a-1caf-4601-b82a-3fa0469916e0P0"><span xml:space="preserve" class="s646bd17a-1caf-4601-b82a-3fa0469916e0000002"> </span></p></div></body></html>