<html> <head> <title>Rule 20:09:25:04 Terms and conditions.</title> <META NAME="Keywords" Content="Administrative Rules 20:09:25:04"> <META NAME="Description" Content="Administrative Rules 20:09:25:04 Terms and conditions."> <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>20:09:25:04.&nbsp;&nbsp;Terms and conditions.</b> The authority shall specify the terms and conditions for loans, guarantees, and grants in the contract between the authority and the applicant. The authority shall give priority to projects which have at least a thirty-five percent lending participation from a commercial lender.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 22 SDR 64, effective November 11, 1995.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-30">11-11-30</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-128">11-11-128</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-141">11-11-141</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-143">11-11-143</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-165">11-11-165</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-180">11-11-180.</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=11-11-106">11-11-106</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-110">11-11-110</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-118">11-11-118</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=11-11-151">11-11-151.</A></p> </div> </body> </html>