<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.s013c2500-7458-475b-9c8e-9771bdc18df1P0 { 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.s013c2500-7458-475b-9c8e-9771bdc18df1C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s013c2500-7458-475b-9c8e-9771bdc18df1C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s013c2500-7458-475b-9c8e-9771bdc18df1C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s013c2500-7458-475b-9c8e-9771bdc18df1000002 { 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="s013c2500-7458-475b-9c8e-9771bdc18df1P0"><span xml:space="preserve" class="s013c2500-7458-475b-9c8e-9771bdc18df1C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=06:01:04:12"><span class="s013c2500-7458-475b-9c8e-9771bdc18df1C0-000000">6:01:04:12</span></a><span class="s013c2500-7458-475b-9c8e-9771bdc18df1C0-000001">.  Thirty percent of issue to be purchased by funds subject to certain federal regulation.</span><span xml:space="preserve" class="s013c2500-7458-475b-9c8e-9771bdc18df1C0"> </span><span class="s013c2500-7458-475b-9c8e-9771bdc18df1C0">Repealed</span><span class="s013c2500-7458-475b-9c8e-9771bdc18df1C0">.</span></p><p dir="ltr" class="s013c2500-7458-475b-9c8e-9771bdc18df1P0"><span xml:space="preserve" class="s013c2500-7458-475b-9c8e-9771bdc18df1000002"> </span></p><p dir="ltr" class="s013c2500-7458-475b-9c8e-9771bdc18df1P0"><span xml:space="preserve" class="s013c2500-7458-475b-9c8e-9771bdc18df1C0">    </span><span class="s013c2500-7458-475b-9c8e-9771bdc18df1C0-000001">Source:</span><span xml:space="preserve" class="s013c2500-7458-475b-9c8e-9771bdc18df1C0"> 9 SDR 53, effective November 3, 1982</span><span class="s013c2500-7458-475b-9c8e-9771bdc18df1C0">; 50 SDR 12, effective August 8, 2023</span><span class="s013c2500-7458-475b-9c8e-9771bdc18df1C0">.</span></p><p dir="ltr" class="s013c2500-7458-475b-9c8e-9771bdc18df1P0"><span xml:space="preserve" class="s013c2500-7458-475b-9c8e-9771bdc18df1000002"> </span></p></div></body></html>