<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.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0 { 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.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC2 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; text-decoration: underline; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=74:05:08:12.03"><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000000">74:05:08:12.03</span></a><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">.  Affordability criteria to determine principal forgiveness eligibility.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> All applicants will be awarded points to determine principal forgiveness eligibility as follows: five points if an applicant's median household income is less than or equal to </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">ninety-five</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> percent of the statewide median household income; three points if an applicant's median household income is less than or equal to </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">one hundred and five percent of </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">the statewide median household income and greater than </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">ninety-five</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> percent of the statewide median household income; one point if the applicant's 20</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">2</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">0 census population is less than the applicant's 20</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">1</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">0 census population; and one point if an applicant's county unemployment rate is greater than the statewide unemployment rate. If the boundaries of an applicant are located in more than one county, the unemployment rate of the county with the largest percentage of the applicant's population will be used. Applicants must receive a minimum of five points to be eligible for principal forgiveness.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    For the purposes of this section, the term, unemployment rate, means the 2021 average unemployment rate for a county or state, as applicable, as determined by the South Dakota Department of Labor and Regulation, Labor Market Information Center.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> 41 SDR 173, effective May 11, 2015</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">; 49 SDR 100, effective May 22, 2023</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.2"><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">46A-1-60.</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">2</span></a><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.1"><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">46A-1-60.1</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=46A-1-60.3"><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000003">46A-1-60.3</span></a><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">, inclusive</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">.</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">    </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">Note</span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0-000001">:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0">The 2021 average unemployment rate for a county or state</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC0"> is available at no cost over the internet at </span><span style="white-space: pre-wrap;" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eC2">https://danr.sd.gov/Funding/EnvironmentalFunding/docs/2020_MHI.xlsx</span></p><p dir="ltr" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22eP0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s80b2b92b-84d6-4df4-9bf6-5df8a0a1e22e000002"> </span></p></div></body></html>