<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: center; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf84be14c-24cf-4da4-81a0-f3a2cba851d9000001 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0-000002 { 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%; } span.sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000003 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000004 { 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="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0">ARTICLE </span><a href="https://sdlegislature.gov/Rules?Rule=68:01"><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000000">68:01</span></a></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9000001"> </span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0"><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0">ECONOMIC DEVELOPMENT FINANCE AUTHORITY</span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9000001"> </span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9000001"> </span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0-000002"><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000003">Chapter</span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:01"><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000004">68:01:01</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000003">            General provisions.</span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02"><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000004">68:01:02</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000003">            APEX loan program</span><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000003">.</span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:03"><span style="white-space: pre-wrap;" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000004">68:01:03</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9C0-000003">            NNC guarantee program, Repealed.</span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0-000002"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9000001"> </span></p><p dir="ltr" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9P0-000002"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf84be14c-24cf-4da4-81a0-f3a2cba851d9000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s386a1b2c-216e-48ec-a95e-f2153462f6f8P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: center; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s386a1b2c-216e-48ec-a95e-f2153462f6f8C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s386a1b2c-216e-48ec-a95e-f2153462f6f8000001 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002 { 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.s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000004 { 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="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0">CHAPTER </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:01"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000000">68:01:01</span></a></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8000001"> </span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0">GENERAL PROVISIONS</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8000001"> </span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8000001"> </span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">Section</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:01"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000004">68:01:01:01</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">        Definitions.</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:02"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000004">68:01:01:02</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">        Permissible uses of loan proceeds</span><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">.</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:03"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000004">68:01:01:03</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">        Loan reserve account requirement.</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:04"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000004">68:01:01:04</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">        Project costs inclusions and exclusions.</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:05"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000004">68:01:01:05</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">        Additional loan requirements.</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:06"><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000004">68:01:01:06</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">        Priority of funds available</span><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8C0-000003">.</span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8000001"> </span></p><p dir="ltr" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8P0-000002"><span style="white-space: pre-wrap;" xml:space="preserve" class="s386a1b2c-216e-48ec-a95e-f2153462f6f8000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0 { 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.sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003 { 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="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:01"><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000000">68:01:01:01</span></a><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000001">.  Definitions.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> Words used in this article mean:</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (1)  "Account," one or more of the trust accounts created pursuant to a series supplemental resolution;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (2)  "Authority," the South Dakota Economic Development Finance Authority;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">3</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Borrower," an enterprise as defined in SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-1"><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1-16B-</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> that enters into a loan agreement with the authority;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">4</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Capitalized interest," interest on a series of bonds expected to be paid from a portion of the proceeds of the bonds;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">5</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Collateral," for a particular loan, one or more of the following:</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (a)  The project;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (b)  Any other real or personal property </span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">that may be made </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">subject to a security instrument;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">c</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  An assignment of leases and rents of a project;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">d</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  A letter of credit or surety obligation; and</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">e</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  Any other </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">property which may be</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> provided to secure the loan;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">6</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Completed" or "completion," the filing by the borrower with the trustee of the certificate of completion of a project;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">7</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Costs of issuance," all items of expense payable or reimbursable directly or indirectly by the authority and related to the authorization, sale, and issuance of bonds including printing and photocopying costs; filing and recording fees; initial fees and charges of the trustee; initial capital reserve fund premiums, if any; initial costs of providing any credit enhancement; legal fees and charges; professional consultants' fees; costs of credit ratings; fees and charges for the execution, transportation, and safekeeping of bonds; underwriter's discount or placement fees and expenses, including filing or registration fees under applicable securities laws; costs and expenses of refunding; and other costs, charges, and fees in connection with the original issuance of bonds;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">8</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Credit enhancement," one of the following:</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (a)  A guarantee provided by any person or business entity;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (b)  Governmental insurance;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (c)  Letters of credit; or</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">        (d)  Surety obligations issued to secure the prompt payment of debt service on a series of bonds;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">9</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Letter of credit," an irrevocable </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">instrument</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> issued in favor of the trustee or the authority for the account of a borrower by a commercial bank, savings and loan association, a United States branch or agency of a foreign bank, or another corporation organized under the laws of one of the states of the United States;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (1</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">0</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Loan," an agreement made by the authority to a borrower to finance costs of a project;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">11</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Loan reserve account," the account designated to hold the required loan reserve of a particular series of bonds, created pursuant to the series supplemental resolution;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (1</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">2</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Program," the authority's South Dakota economic development loan program implemented under </span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">SDCL chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B"><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1-16B</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> and this article;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (1</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">3</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Project," </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">a</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> development project as defined by SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-1"><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1-16B-</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">, </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">that involves</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> the acquisition or improvement of land; the acquisition, construction, rehabilitation, removal, or improvement of buildings, or the acquisition and installation of fixtures useful in connection with an enterprise owned or leased by a borrower and located or to be located in the state;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (1</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">4</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Series of bonds," a designated series of bonds authorized by a series supplemental resolution;</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (1</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">5</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Series supplemental resolution," a resolution adopted by the board authorizing the issuance of a single series of bonds; and</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    (1</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">6</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">)  "Surety obligation," a municipal bond insurance policy or unconditional surety bond or similar obligation which may be drawn upon by the trustee for the payment of the principal on and the redemption price of any series of bonds.</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> 13 SDR 134, effective March 31, 1987; 21 SDR 14, effective August 3, 1994</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">.</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1-16B-</span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">70</span></a><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">.</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">    </span><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-14"><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1-16B-14</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">(7), </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-15"><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0-000003">1-16B-15</span></a><span style="white-space: pre-wrap;" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745C0">.</span></p><p dir="ltr" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd9fef773-6855-45e1-9a2f-a0c3b7b73745000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s2c5f3b0b-a102-4800-a311-23b7e38c2021P0 { 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.s2c5f3b0b-a102-4800-a311-23b7e38c2021C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2c5f3b0b-a102-4800-a311-23b7e38c2021C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2c5f3b0b-a102-4800-a311-23b7e38c2021C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2c5f3b0b-a102-4800-a311-23b7e38c2021000002 { 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="s2c5f3b0b-a102-4800-a311-23b7e38c2021P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:02"><span style="white-space: pre-wrap;" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0-000000">68:01:01:02</span></a><span style="white-space: pre-wrap;" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0-000001">.  Permissible uses of loan proceeds.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0"> </span><span style="white-space: pre-wrap;" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0">Repealed</span><span style="white-space: pre-wrap;" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0">.</span></p><p dir="ltr" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021000002"> </span></p><p dir="ltr" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0">    </span><span style="white-space: pre-wrap;" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0"> 13 SDR 134, effective March 31, 1987; 21 SDR 14, effective August 3, 1994</span><span style="white-space: pre-wrap;" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021C0">.</span></p><p dir="ltr" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c5f3b0b-a102-4800-a311-23b7e38c2021000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0 { 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.s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2c29d00d-6d95-4da6-b12e-fd567fd10f21000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000003 { color: black; background: white; font-family: Times; font-size: 10pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000004 { 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="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:03"><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000000">68:01:01:03</span></a><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000001">.  Loan reserve account requirement.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> For any series of bonds for which a loan reserve account is required, the borrower must deposit in the loan reserve account</span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">,</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> as of the date of calculation, </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">one of the following amounts, as applicable</span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">:</span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21000002"> </span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">    (1)  </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">If the series of bonds is issued on a tax-exempt basis, an</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> amount equal to </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">ten</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> percent of the original principal amount of the series of bonds or the lesser amount required under </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">26 U.S.C. </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">§</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000003"> </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">148(d)(1) </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">(December 31, 2024),</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> to preserve the tax-exempt status of interest on the series of bonds;</span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21000002"> </span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">    (2)  If the series of bonds is issued on a taxable basis, the maximum debt service, assuming no acceleration of maturity, for the bond year; or</span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21000002"> </span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">    (3)  An amount as determined by the authority.</span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21000002"> </span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">    </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> 13 SDR 134, effective March 31, 1987; 21 SDR 14, effective August 3, 1994</span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">.</span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">    </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000004">1-16B-70</span></a><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">.</span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">    </span><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-14"><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000004">1-16B-14</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">(7), </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-15"><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000004">1-16B-15</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-18"><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0-000004">1-16B-18</span></a><span style="white-space: pre-wrap;" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21C0">.</span></p><p dir="ltr" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2c29d00d-6d95-4da6-b12e-fd567fd10f21000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513P0 { 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.sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000003 { 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="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:04"><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000000">68:01:01:04</span></a><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000001">.  Project costs inclusions and exclusions.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0"> Project costs include the aggregate amount of costs authorized by the authority to be incurred for a project and financed or to be financed by a loan, but exclude any costs of issuance and any amounts deposited or to be deposited in a loan reserve account or capitalized interest account. Project costs may include cost of issuance if the authority does not create a cost of issuance account in the series supplemental resolution and the payment of interest due on a loan that corresponds to the payment of interest due on the series of bonds </span><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">that</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0"> financed the loan, accruing before the completion of the project.</span></p><p dir="ltr" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513000002"> </span></p><p dir="ltr" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">    </span><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0"> 13 SDR 134, effective March 31, 1987</span><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">.</span></p><p dir="ltr" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">    </span><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000003">1-16B-70</span></a><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">.</span></p><p dir="ltr" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">    </span><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-14"><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000003">1-16B-14</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">(7), </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-15"><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000003">1-16B-15</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-18"><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0-000003">1-16B-18</span></a><span style="white-space: pre-wrap;" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513C0">.</span></p><p dir="ltr" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sfcdd21bb-f0fc-47cf-94ac-4b3ef7795513000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s388d5b66-9559-4337-9243-7cf1760441fdP0 { 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.s388d5b66-9559-4337-9243-7cf1760441fdC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s388d5b66-9559-4337-9243-7cf1760441fdC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s388d5b66-9559-4337-9243-7cf1760441fdC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s388d5b66-9559-4337-9243-7cf1760441fdC0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s388d5b66-9559-4337-9243-7cf1760441fd000003 { 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="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:05"><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000000">68:01:01:05</span></a><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000001">.  Additional loan requirements.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> Loan requirements in addition to those specified in </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">SDCL chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B"><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000002">1-16B</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> are as follows:</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (1)  The amount of the loan, net of the amount required to be deposited in the loan reserve account, may not exceed the lesser of the project costs, plus costs of issuance and capitalized interest, or the sum of the following: </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">eighty</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> percent of the appraised fair market value of the project upon completion, less the outstanding principal amount of any prior mortgage </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">that</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> is not to be discharged with proceeds of bonds of the series, </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">fifty</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> percent of the appraised fair market value of any equipment provided as security, and </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">one hundred</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> percent of the stated amount of any letters of credit or surety obligations;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (2)  To the extent project costs exceed the amount of the loan to be deposited in the loan account, other than to pay costs of issuance, the borrower must provide equity by making a cash contribution or providing a letter of credit, a surety obligation, additional collateral, or some other assurance of completion of the project and payment of project costs;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (3)  The borrower </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">shall</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> provide title insurance in an amount equal to the loan less the amount deposited in the loan reserve account;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (4)  The borrower </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">shall</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> provide evidence satisfactory to the authority that the project can be completed in a timely fashion;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (5)  The maximum term of the loan may not exceed </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">eighty</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> percent of the useful life of the project, </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">twenty</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> years, or the final stated maturity of the series of bonds financing the loan, whichever is less;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (6)  The borrower </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">shall</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> demonstrate to the satisfaction of the authority a capacity to make the </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">scheduled payments of principal and interest on the loan pursuant to the provisions of a loan agreement</span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (7)  The borrower </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">shall</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> demonstrate an adequate source of working capital based on projections;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (8)  A guaranty in favor of the authority must be executed by persons having a </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">twenty-</span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">percent</span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">-</span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">ownership interest in the borrower unless shares of the borrower are traded on a stock exchange or by any corporate guarantor;</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (9)  The borrower </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">shall</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> supply financial statements for each of the three full fiscal years prior to the date of issuance of the series of bonds and interim financial statements when available; and</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    (10)  Facilities </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">that</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> are not owner-occupied must be leased to meet debt service. The borrower </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">shall </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">provide assignments of leases </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">and </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">of rent payments to the authority by the date of issuance of any bonds. The terms and conditions of </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">the</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> leasehold estate securing a loan are subject to approval of the authority.</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> 13 SDR 134, effective March 31, 1987; 21 SDR 14, effective August 3, 1994</span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">.</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-70"><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000002">1-16B-70</span></a><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">.</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">    </span><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-14"><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000002">1-16B-14</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">(7), </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-15"><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000002">1-16B-15</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16B-18"><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0-000002">1-16B-18</span></a><span style="white-space: pre-wrap;" class="s388d5b66-9559-4337-9243-7cf1760441fdC0">.</span></p><p dir="ltr" class="s388d5b66-9559-4337-9243-7cf1760441fdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s388d5b66-9559-4337-9243-7cf1760441fd000003"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sa6b6b9a0-4704-4abb-b534-df4606b50821P0 { 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.sa6b6b9a0-4704-4abb-b534-df4606b50821C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa6b6b9a0-4704-4abb-b534-df4606b50821C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa6b6b9a0-4704-4abb-b534-df4606b50821C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa6b6b9a0-4704-4abb-b534-df4606b50821000002 { 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="sa6b6b9a0-4704-4abb-b534-df4606b50821P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:01:06"><span style="white-space: pre-wrap;" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0-000000">68:01:01:06</span></a><span style="white-space: pre-wrap;" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0-000001">.  Priority of funds available.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0"> </span><span style="white-space: pre-wrap;" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0">Repealed</span><span style="white-space: pre-wrap;" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0">.</span></p><p dir="ltr" class="sa6b6b9a0-4704-4abb-b534-df4606b50821P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sa6b6b9a0-4704-4abb-b534-df4606b50821000002"> </span></p><p dir="ltr" class="sa6b6b9a0-4704-4abb-b534-df4606b50821P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0">    </span><span style="white-space: pre-wrap;" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0"> 13 SDR 134, effective March 31, 1987</span><span style="white-space: pre-wrap;" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sa6b6b9a0-4704-4abb-b534-df4606b50821C0">.</span></p><p dir="ltr" class="sa6b6b9a0-4704-4abb-b534-df4606b50821P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sa6b6b9a0-4704-4abb-b534-df4606b50821000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: center; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6dba50ad-0ed9-41e4-a993-bac9c0de92a0000001 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002 { 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.s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004 { 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="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0">CHAPTER </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000000">68:01:02</span></a></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0000001"> </span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0">APEX LOAN PROGRAM</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0000001"> </span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0">(Repealed)</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0000001"> </span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">Section</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:01"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:01</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Definitions</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:02"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:02</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Eligibility requirements</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:03"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:03</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Application requirements</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:04"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:04</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Loan amounts</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:05"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:05</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Equity contribution</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:06"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:06</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Permissible uses of loan proceeds</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:07"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:07</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Impermissible uses of loan proceeds</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:08"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:08</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Factors for action by authority</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:09"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:09</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Action by authority on applications</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:10"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:10</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Reservation of right to make loan</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:11"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:11</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Acceptance by applicant -- Time restrictions</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:12"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:12</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Review of financial status</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:13"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:13</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Loan agreement</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:14"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:14</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Maturity and interest rate</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:15"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:15</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Lender agreement</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:16"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:16</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Reporting requirements for regulated lender</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:17"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:17</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Reporting requirements for borrower</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:18"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:18</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Inspection of business by authority -- Retention of records</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:19"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:19</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Default on loan agreement</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:20"><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000004">68:01:02:20</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">        Interim financing</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">, Repealed</span><span style="white-space: pre-wrap;" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0C0-000003">.</span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0000001"> </span></p><p dir="ltr" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0P0-000002"><span style="white-space: pre-wrap;" xml:space="preserve" class="s6dba50ad-0ed9-41e4-a993-bac9c0de92a0000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdP0 { 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.s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccd000002 { 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="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:01"><span style="white-space: pre-wrap;" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0-000000">68:01:02:01</span></a><span style="white-space: pre-wrap;" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0-000001">.  Definitions.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0"> </span><span style="white-space: pre-wrap;" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0">Repealed.</span></p><p dir="ltr" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccd000002"> </span></p><p dir="ltr" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0">    </span><span style="white-space: pre-wrap;" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, August 3, 1994; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdC0">.</span></p><p dir="ltr" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccdP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s704bb33b-5cbf-40a7-b8cb-3fc83f1d5ccd000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s5a8ec892-093c-4616-a1b5-8a519e31e086P0 { 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.s5a8ec892-093c-4616-a1b5-8a519e31e086C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5a8ec892-093c-4616-a1b5-8a519e31e086C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5a8ec892-093c-4616-a1b5-8a519e31e086C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s5a8ec892-093c-4616-a1b5-8a519e31e086000002 { 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="s5a8ec892-093c-4616-a1b5-8a519e31e086P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:02"><span style="white-space: pre-wrap;" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0-000000">68:01:02:02</span></a><span style="white-space: pre-wrap;" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0-000001">.  Eligibility requirements.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0"> </span><span style="white-space: pre-wrap;" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0">Repealed.</span></p><p dir="ltr" class="s5a8ec892-093c-4616-a1b5-8a519e31e086P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s5a8ec892-093c-4616-a1b5-8a519e31e086000002"> </span></p><p dir="ltr" class="s5a8ec892-093c-4616-a1b5-8a519e31e086P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0">    </span><span style="white-space: pre-wrap;" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s5a8ec892-093c-4616-a1b5-8a519e31e086C0">.</span></p><p dir="ltr" class="s5a8ec892-093c-4616-a1b5-8a519e31e086P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s5a8ec892-093c-4616-a1b5-8a519e31e086000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6P0 { 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.sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6000002 { 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="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:03"><span style="white-space: pre-wrap;" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0-000000">68:01:02:03</span></a><span style="white-space: pre-wrap;" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0-000001">.  Application requirements.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0"> </span><span style="white-space: pre-wrap;" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0">Repealed</span><span style="white-space: pre-wrap;" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0">.</span></p><p dir="ltr" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6000002"> </span></p><p dir="ltr" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0">    </span><span style="white-space: pre-wrap;" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994</span><span style="white-space: pre-wrap;" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6C0">; 52 SDR 49, effective November 17, 2025.</span></p><p dir="ltr" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sdf49f5f3-d2ca-4bb9-8792-d5e63f5d1cd6000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s12f10226-5d54-4f1e-84bb-bf298b1ba9beP0 { 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.s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s12f10226-5d54-4f1e-84bb-bf298b1ba9be000002 { 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="s12f10226-5d54-4f1e-84bb-bf298b1ba9beP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:04"><span style="white-space: pre-wrap;" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0-000000">68:01:02:04</span></a><span style="white-space: pre-wrap;" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0-000001">.  Loan amounts.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0"> </span><span style="white-space: pre-wrap;" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0">Repealed</span><span style="white-space: pre-wrap;" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0">.</span></p><p dir="ltr" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9be000002"> </span></p><p dir="ltr" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0">    </span><span style="white-space: pre-wrap;" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0"> 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beC0">.</span></p><p dir="ltr" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9beP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12f10226-5d54-4f1e-84bb-bf298b1ba9be000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s12a17de4-1ed0-4489-9406-4ef89aaef4d6P0 { 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.s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s12a17de4-1ed0-4489-9406-4ef89aaef4d6000002 { 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="s12a17de4-1ed0-4489-9406-4ef89aaef4d6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:05"><span style="white-space: pre-wrap;" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0-000000">68:01:02:05</span></a><span style="white-space: pre-wrap;" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0-000001">.  Equity contribution.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0"> </span><span style="white-space: pre-wrap;" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0">Repealed</span><span style="white-space: pre-wrap;" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0">.</span></p><p dir="ltr" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6000002"> </span></p><p dir="ltr" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0">    </span><span style="white-space: pre-wrap;" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6C0">.</span></p><p dir="ltr" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s12a17de4-1ed0-4489-9406-4ef89aaef4d6000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s3562ee4d-8a69-420c-b6f5-f48655af3be6P0 { 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.s3562ee4d-8a69-420c-b6f5-f48655af3be6C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s3562ee4d-8a69-420c-b6f5-f48655af3be6C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3562ee4d-8a69-420c-b6f5-f48655af3be6C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s3562ee4d-8a69-420c-b6f5-f48655af3be6000002 { 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="s3562ee4d-8a69-420c-b6f5-f48655af3be6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:06"><span style="white-space: pre-wrap;" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0-000000">68:01:02:06</span></a><span style="white-space: pre-wrap;" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0-000001">.  Permissible uses of loan proceeds.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0"> </span><span style="white-space: pre-wrap;" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0">Repealed.</span></p><p dir="ltr" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6000002"> </span></p><p dir="ltr" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0">    </span><span style="white-space: pre-wrap;" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0"> 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6C0">.</span></p><p dir="ltr" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s3562ee4d-8a69-420c-b6f5-f48655af3be6000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sd3021c61-64dd-45e8-94f5-edfafdd94eddP0 { 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.sd3021c61-64dd-45e8-94f5-edfafdd94eddC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd3021c61-64dd-45e8-94f5-edfafdd94eddC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd3021c61-64dd-45e8-94f5-edfafdd94eddC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd3021c61-64dd-45e8-94f5-edfafdd94edd000002 { 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="sd3021c61-64dd-45e8-94f5-edfafdd94eddP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:07"><span style="white-space: pre-wrap;" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0-000000">68:01:02:07</span></a><span style="white-space: pre-wrap;" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0-000001">.  Impermissible uses of loan proceeds.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0"> </span><span style="white-space: pre-wrap;" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0">Repealed.</span></p><p dir="ltr" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd3021c61-64dd-45e8-94f5-edfafdd94edd000002"> </span></p><p dir="ltr" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0">    </span><span style="white-space: pre-wrap;" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0"> 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddC0">.</span></p><p dir="ltr" class="sd3021c61-64dd-45e8-94f5-edfafdd94eddP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd3021c61-64dd-45e8-94f5-edfafdd94edd000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3P0 { 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.s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3000002 { 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="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:08"><span style="white-space: pre-wrap;" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0-000000">68:01:02:08</span></a><span style="white-space: pre-wrap;" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0-000001">.  Factors for action by authority.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0"> </span><span style="white-space: pre-wrap;" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0">Repealed.</span></p><p dir="ltr" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3000002"> </span></p><p dir="ltr" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0">    </span><span style="white-space: pre-wrap;" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994</span><span style="white-space: pre-wrap;" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3C0">.</span></p><p dir="ltr" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s2502cf81-5fb1-4496-a1b9-3a86bb9d5cf3000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sc323bbe7-fe50-433a-af96-f9a09cb2d17eP0 { 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.sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc323bbe7-fe50-433a-af96-f9a09cb2d17e000002 { 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="sc323bbe7-fe50-433a-af96-f9a09cb2d17eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:09"><span style="white-space: pre-wrap;" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0-000000">68:01:02:09</span></a><span style="white-space: pre-wrap;" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0-000001">.  Action by authority on applications.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0"> </span><span style="white-space: pre-wrap;" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0">Repealed</span><span style="white-space: pre-wrap;" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0">.</span></p><p dir="ltr" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17e000002"> </span></p><p dir="ltr" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0">    </span><span style="white-space: pre-wrap;" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0"> 16 SDR 158, effective March 25, 1990</span><span style="white-space: pre-wrap;" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eC0">.</span></p><p dir="ltr" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc323bbe7-fe50-433a-af96-f9a09cb2d17e000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s609d030c-5988-4174-ad26-c0bc4cd3abcaP0 { 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.s609d030c-5988-4174-ad26-c0bc4cd3abcaC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s609d030c-5988-4174-ad26-c0bc4cd3abcaC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s609d030c-5988-4174-ad26-c0bc4cd3abcaC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s609d030c-5988-4174-ad26-c0bc4cd3abca000002 { 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="s609d030c-5988-4174-ad26-c0bc4cd3abcaP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:10"><span style="white-space: pre-wrap;" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0-000000">68:01:02:10</span></a><span style="white-space: pre-wrap;" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0-000001">.  Reservation of right to make loan.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0"> </span><span style="white-space: pre-wrap;" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0">Repealed</span><span style="white-space: pre-wrap;" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0">.</span></p><p dir="ltr" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s609d030c-5988-4174-ad26-c0bc4cd3abca000002"> </span></p><p dir="ltr" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0">    </span><span style="white-space: pre-wrap;" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0"> 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaC0">.</span></p><p dir="ltr" class="s609d030c-5988-4174-ad26-c0bc4cd3abcaP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s609d030c-5988-4174-ad26-c0bc4cd3abca000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s0687ae5f-3431-4490-9640-fe05c7533ba4P0 { 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.s0687ae5f-3431-4490-9640-fe05c7533ba4C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s0687ae5f-3431-4490-9640-fe05c7533ba4C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0687ae5f-3431-4490-9640-fe05c7533ba4C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0687ae5f-3431-4490-9640-fe05c7533ba4000002 { 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="s0687ae5f-3431-4490-9640-fe05c7533ba4P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:11"><span style="white-space: pre-wrap;" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0-000000">68:01:02:11</span></a><span style="white-space: pre-wrap;" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0-000001">.  Acceptance by applicant -- Time restrictions.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0"> </span><span style="white-space: pre-wrap;" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0">Repealed</span><span style="white-space: pre-wrap;" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0">.</span></p><p dir="ltr" class="s0687ae5f-3431-4490-9640-fe05c7533ba4P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0687ae5f-3431-4490-9640-fe05c7533ba4000002"> </span></p><p dir="ltr" class="s0687ae5f-3431-4490-9640-fe05c7533ba4P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0">    </span><span style="white-space: pre-wrap;" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s0687ae5f-3431-4490-9640-fe05c7533ba4C0">.</span></p><p dir="ltr" class="s0687ae5f-3431-4490-9640-fe05c7533ba4P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0687ae5f-3431-4490-9640-fe05c7533ba4000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fP0 { 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.sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6f000002 { 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="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:12"><span style="white-space: pre-wrap;" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0-000000">68:01:02:12</span></a><span style="white-space: pre-wrap;" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0-000001">.  Review of financial status.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0"> </span><span style="white-space: pre-wrap;" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0">Repealed</span><span style="white-space: pre-wrap;" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0">.</span></p><p dir="ltr" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6f000002"> </span></p><p dir="ltr" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0">    </span><span style="white-space: pre-wrap;" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0"> 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fC0">.</span></p><p dir="ltr" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6fP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sc68b5eee-b8d5-4e42-83e3-ec865d1a3a6f000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cP0 { 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.sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709c000002 { 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="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:13"><span style="white-space: pre-wrap;" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0-000000">68:01:02:13</span></a><span style="white-space: pre-wrap;" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0-000001">.  Loan agreement.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0"> </span><span style="white-space: pre-wrap;" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0">Repealed</span><span style="white-space: pre-wrap;" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0">.</span></p><p dir="ltr" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709c000002"> </span></p><p dir="ltr" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0">    </span><span style="white-space: pre-wrap;" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0"> 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cC0">.</span></p><p dir="ltr" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709cP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sbf91c3d6-6fca-4e1b-85fb-c1a0ec15709c000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s77dc01fb-86ed-44b1-bf2b-be6e6045cc73P0 { 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.s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s77dc01fb-86ed-44b1-bf2b-be6e6045cc73000002 { 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="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:14"><span style="white-space: pre-wrap;" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0-000000">68:01:02:14</span></a><span style="white-space: pre-wrap;" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0-000001">.  Maturity and interest rate.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0"> </span><span style="white-space: pre-wrap;" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0">Repealed</span><span style="white-space: pre-wrap;" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0">.</span></p><p dir="ltr" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73000002"> </span></p><p dir="ltr" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0">    </span><span style="white-space: pre-wrap;" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73C0">.</span></p><p dir="ltr" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s77dc01fb-86ed-44b1-bf2b-be6e6045cc73000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sf60b6f55-d412-4ecc-a741-2f49aa7d7326P0 { 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.sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf60b6f55-d412-4ecc-a741-2f49aa7d7326000002 { 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="sf60b6f55-d412-4ecc-a741-2f49aa7d7326P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:15"><span style="white-space: pre-wrap;" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0-000000">68:01:02:15</span></a><span style="white-space: pre-wrap;" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0-000001">.  Lender agreement.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0"> </span><span style="white-space: pre-wrap;" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0">Repealed</span><span style="white-space: pre-wrap;" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0">.</span></p><p dir="ltr" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326000002"> </span></p><p dir="ltr" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0">    </span><span style="white-space: pre-wrap;" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326C0">.</span></p><p dir="ltr" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf60b6f55-d412-4ecc-a741-2f49aa7d7326000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s0270700c-99b7-4bac-b38e-5ae724d86da9P0 { 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.s0270700c-99b7-4bac-b38e-5ae724d86da9C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s0270700c-99b7-4bac-b38e-5ae724d86da9C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0270700c-99b7-4bac-b38e-5ae724d86da9C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s0270700c-99b7-4bac-b38e-5ae724d86da9000002 { 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="s0270700c-99b7-4bac-b38e-5ae724d86da9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:16"><span style="white-space: pre-wrap;" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0-000000">68:01:02:16</span></a><span style="white-space: pre-wrap;" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0-000001">.  Reporting requirements for regulated lender.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0"> </span><span style="white-space: pre-wrap;" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0">Repealed</span><span style="white-space: pre-wrap;" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0">.</span></p><p dir="ltr" class="s0270700c-99b7-4bac-b38e-5ae724d86da9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0270700c-99b7-4bac-b38e-5ae724d86da9000002"> </span></p><p dir="ltr" class="s0270700c-99b7-4bac-b38e-5ae724d86da9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0">    </span><span style="white-space: pre-wrap;" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0"> 16 SDR 158, effective March 25, 1990</span><span style="white-space: pre-wrap;" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s0270700c-99b7-4bac-b38e-5ae724d86da9C0">.</span></p><p dir="ltr" class="s0270700c-99b7-4bac-b38e-5ae724d86da9P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s0270700c-99b7-4bac-b38e-5ae724d86da9000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sb221ffba-a15e-490c-8032-9278d09b9d80P0 { 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.sb221ffba-a15e-490c-8032-9278d09b9d80C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb221ffba-a15e-490c-8032-9278d09b9d80C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb221ffba-a15e-490c-8032-9278d09b9d80C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb221ffba-a15e-490c-8032-9278d09b9d80000002 { 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="sb221ffba-a15e-490c-8032-9278d09b9d80P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:17"><span style="white-space: pre-wrap;" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0-000000">68:01:02:17</span></a><span style="white-space: pre-wrap;" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0-000001">.  Reporting requirements for borrower.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0"> </span><span style="white-space: pre-wrap;" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0">Repealed</span><span style="white-space: pre-wrap;" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0">.</span></p><p dir="ltr" class="sb221ffba-a15e-490c-8032-9278d09b9d80P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sb221ffba-a15e-490c-8032-9278d09b9d80000002"> </span></p><p dir="ltr" class="sb221ffba-a15e-490c-8032-9278d09b9d80P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0">    </span><span style="white-space: pre-wrap;" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0"> 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994</span><span style="white-space: pre-wrap;" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sb221ffba-a15e-490c-8032-9278d09b9d80C0">.</span></p><p dir="ltr" class="sb221ffba-a15e-490c-8032-9278d09b9d80P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sb221ffba-a15e-490c-8032-9278d09b9d80000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sf9280299-7d1b-4aa0-8452-5bab3857d428P0 { 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.sf9280299-7d1b-4aa0-8452-5bab3857d428C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf9280299-7d1b-4aa0-8452-5bab3857d428C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf9280299-7d1b-4aa0-8452-5bab3857d428C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf9280299-7d1b-4aa0-8452-5bab3857d428000002 { 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="sf9280299-7d1b-4aa0-8452-5bab3857d428P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:18"><span style="white-space: pre-wrap;" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0-000000">68:01:02:18</span></a><span style="white-space: pre-wrap;" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0-000001">.  Inspection of business by authority -- Retention of records.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0"> </span><span style="white-space: pre-wrap;" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0">Repealed</span><span style="white-space: pre-wrap;" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0">.</span></p><p dir="ltr" class="sf9280299-7d1b-4aa0-8452-5bab3857d428P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf9280299-7d1b-4aa0-8452-5bab3857d428000002"> </span></p><p dir="ltr" class="sf9280299-7d1b-4aa0-8452-5bab3857d428P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0">    </span><span style="white-space: pre-wrap;" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0"> 16 SDR 158, effective March 25, 1990</span><span style="white-space: pre-wrap;" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="sf9280299-7d1b-4aa0-8452-5bab3857d428C0">.</span></p><p dir="ltr" class="sf9280299-7d1b-4aa0-8452-5bab3857d428P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="sf9280299-7d1b-4aa0-8452-5bab3857d428000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s7c36e498-5221-4046-8dc7-781b90055ef6P0 { 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.s7c36e498-5221-4046-8dc7-781b90055ef6C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s7c36e498-5221-4046-8dc7-781b90055ef6C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7c36e498-5221-4046-8dc7-781b90055ef6C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7c36e498-5221-4046-8dc7-781b90055ef6000002 { 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="s7c36e498-5221-4046-8dc7-781b90055ef6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:19"><span style="white-space: pre-wrap;" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0-000000">68:01:02:19</span></a><span style="white-space: pre-wrap;" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0-000001">.  Default on loan agreement.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0"> </span><span style="white-space: pre-wrap;" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0">Repealed.</span></p><p dir="ltr" class="s7c36e498-5221-4046-8dc7-781b90055ef6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7c36e498-5221-4046-8dc7-781b90055ef6000002"> </span></p><p dir="ltr" class="s7c36e498-5221-4046-8dc7-781b90055ef6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0">    </span><span style="white-space: pre-wrap;" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0"> 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001</span><span style="white-space: pre-wrap;" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s7c36e498-5221-4046-8dc7-781b90055ef6C0">.</span></p><p dir="ltr" class="s7c36e498-5221-4046-8dc7-781b90055ef6P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7c36e498-5221-4046-8dc7-781b90055ef6000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s064ae691-9004-4aa9-8642-694834b212f8P0 { 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.s064ae691-9004-4aa9-8642-694834b212f8C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s064ae691-9004-4aa9-8642-694834b212f8C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s064ae691-9004-4aa9-8642-694834b212f8C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s064ae691-9004-4aa9-8642-694834b212f8000002 { 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="s064ae691-9004-4aa9-8642-694834b212f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s064ae691-9004-4aa9-8642-694834b212f8C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:01:02:20"><span style="white-space: pre-wrap;" class="s064ae691-9004-4aa9-8642-694834b212f8C0-000000">68:01:02:20</span></a><span style="white-space: pre-wrap;" class="s064ae691-9004-4aa9-8642-694834b212f8C0-000001">.  Interim financing.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s064ae691-9004-4aa9-8642-694834b212f8C0"> </span><span style="white-space: pre-wrap;" class="s064ae691-9004-4aa9-8642-694834b212f8C0">Repealed</span><span style="white-space: pre-wrap;" class="s064ae691-9004-4aa9-8642-694834b212f8C0">.</span></p><p dir="ltr" class="s064ae691-9004-4aa9-8642-694834b212f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s064ae691-9004-4aa9-8642-694834b212f8000002"> </span></p><p dir="ltr" class="s064ae691-9004-4aa9-8642-694834b212f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s064ae691-9004-4aa9-8642-694834b212f8C0">    </span><span style="white-space: pre-wrap;" class="s064ae691-9004-4aa9-8642-694834b212f8C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s064ae691-9004-4aa9-8642-694834b212f8C0"> 16 SDR 158, effective March 25, 1990</span><span style="white-space: pre-wrap;" class="s064ae691-9004-4aa9-8642-694834b212f8C0">; 52 SDR 49, effective November 17, 2025</span><span style="white-space: pre-wrap;" class="s064ae691-9004-4aa9-8642-694834b212f8C0">.</span></p><p dir="ltr" class="s064ae691-9004-4aa9-8642-694834b212f8P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s064ae691-9004-4aa9-8642-694834b212f8000002"> </span></p></div></body></html><br /><hr><br /><html> <head> <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"> <title>Rule 68:01:03 NNC GUARANTEE PROGRAM</title> <META NAME="Keywords" Content="Administrative Rules 68:01:03"> <META NAME="Description" Content="Administrative Rules 68:01:03 NNC GUARANTEE PROGRAM"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p align=center><b>CHAPTER 68:01:03</b></p> <p align=center><b>NNC GUARANTEE PROGRAM</b></p> <p align=center>(Repealed. 27 SDR 66, effective January 4, 2001)</p> </div> </body> </html>