<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.s85e5e5c1-6f2b-443f-ab80-34dca3c0f893P0 { 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.s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C3 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s85e5e5c1-6f2b-443f-ab80-34dca3c0f893000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000003 { 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="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893P0"><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=74:29:12:14"><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000000">74:29:12:14</span></a><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000001">.  Net present value calculations for postclosure financial assurance.</span><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0"> </span><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C3">The board shall use a net present value calculation for postclosure financial assurance. The board may utilize inflation and discount rate projections provided by the South Dakota Investment Council. The board shall review inflation and discount rate projections at least once every five years</span><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">.</span></p><p dir="ltr" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893P0"><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893000002"> </span></p><p dir="ltr" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893P0"><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">    </span><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000001">Source:</span><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0"> </span><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">52 SDR 24, effective September 10, 2025</span><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">.</span></p><p dir="ltr" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893P0"><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">    </span><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000001">General Authority:</span><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-81"><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000003">45-6B-81</span></a><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">.</span></p><p dir="ltr" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893P0"><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">    </span><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000001">Law Implemented:</span><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-20"><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000003">45-6B-20</span></a><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-20.1"><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000003">45-6B-20.1</span></a><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-21"><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000003">45-6B-21</span></a><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-91"><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0-000003">45-6B-91</span></a><span class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893C0">.</span></p><p dir="ltr" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893P0"><span xml:space="preserve" class="s85e5e5c1-6f2b-443f-ab80-34dca3c0f893000002"> </span></p></div></body></html>