<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 1-16G-8 - Promulgation of rules. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2030933Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2030933SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2030933CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2030933Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2030933DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2030933Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2030933000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2030933SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2030933SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2030933Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-16G-8"><span class="s2030933SENU">1-16G-8</span></a><span xml:space="preserve" class="s2030933SENU">. </span><span class="s2030933CL">Promulgation of rules.</span></p><p dir="ltr" class="s2030933Normal-000000"><span xml:space="preserve" class="s2030933DefaultParagraphFont">The Board of Economic Development shall promulgate rules pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2030933DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2030933DefaultParagraphFont"> concerning the following:</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(1)    The existing barriers to economic growth and development in the state;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(2)    Developing investment in research and development in high technology industries;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(3)    The submission of business plans prior to the approval of economic development grants or loans. Business plans shall include the products or services to be offered by the applicant, job descriptions with attendant salary or wage information by job category, educational requirements by job category, methods of accounting, financing other than that provided by the economic development loan, and marketing, sales, merchandising, and other disciplines proposed to be used for business growth and expansion;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(4)    The cooperation between agencies of state government and applicant businesses for nonfinancial services including loan packaging, marketing assistance, research assistance, and assistance with finding solutions for complying with environmental, energy, health, safety, and other federal, state, and local laws and regulations;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(5)    Regular performance monitoring and reporting systems for participating businesses to assure compliance with their business plans and terms of repayment;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(6)    Establish eligibility criteria for grants and loans;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(7)    Establish application procedures for grants and loans;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(8)    Establish criteria to determine which applicants will receive grants or loans;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(9)    Govern the use of proceeds of grants and loans;</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(10)    Establish criteria for the terms and conditions upon which loans shall be made, including matching requirements, interest rates, repayment terms, and the terms of security given to secure such loans; and</span></p><p dir="ltr" class="s2030933Normal-000001"><span class="s2030933DefaultParagraphFont">(11)    Establish criteria for the terms and conditions upon which grants shall be made, including permitted uses, performance criteria, and matching requirements.</span></p><p dir="ltr" class="s2030933Normal"><span xml:space="preserve" class="s2030933000002"> </span></p><p dir="ltr" class="s2030933Normal"><span class="s2030933SCL">Source:</span><span xml:space="preserve" class="s2030933SCL-000003"> SL 1987, ch 98, § 15; SL 1988, ch 16; SDCL § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-42-26"><span class="s2030933SCL-000003">1-42-26</span></a><span class="s2030933SCL-000003">; SL 2007, ch 5, § 3; SL 2009, ch 1, § 17.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 1-16G-8 - Promulgation of rules. 1-16G-8.1 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 1-16G-8.1 "> <META NAME="Description" Content="South Dakota Codified Laws 1-16G-8.1"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 1-16G-8.1 to 1-16G-9. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 2007, ch 5, &#167;&#167;&nbsp;4 to 7.<p> </BODY> </HTML>