<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 1-53-15 - Small business credit initiative fund.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sc1a6506f202b424d9d4e73a3dcef2514Normal { 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.sc1a6506f202b424d9d4e73a3dcef2514SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc1a6506f202b424d9d4e73a3dcef2514CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sc1a6506f202b424d9d4e73a3dcef2514Statute { 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.sc1a6506f202b424d9d4e73a3dcef2514DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc1a6506f202b424d9d4e73a3dcef2514000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sc1a6506f202b424d9d4e73a3dcef2514NoIndent { text-indent: 0.00in; 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.sc1a6506f202b424d9d4e73a3dcef2514DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc1a6506f202b424d9d4e73a3dcef2514SCL { 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><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 1-53-15 - Small business credit initiative fund."><meta property="og:description" content="SDLRC Codified Law 1-53-15 - Small business credit initiative fund."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=1-53-15"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sc1a6506f202b424d9d4e73a3dcef2514Normal"><a href="https://sdlegislature.gov/Statutes?Statute=1-53-15" rel="noopener"><span class="sc1a6506f202b424d9d4e73a3dcef2514SENU">1-53-15</span></a><span xml:space="preserve" class="sc1a6506f202b424d9d4e73a3dcef2514SENU">. </span><span class="sc1a6506f202b424d9d4e73a3dcef2514CL">Small business credit initiative fund.</span></p><p dir="ltr" class="sc1a6506f202b424d9d4e73a3dcef2514Statute"><span class="sc1a6506f202b424d9d4e73a3dcef2514DefaultParagraphFont">There is established within the state treasury a fund to be known as the small business credit initiative fund for the purpose of making loans for economic development as permitted by 12 U.S.C. Chapter 54 (2021).</span></p><p dir="ltr" class="sc1a6506f202b424d9d4e73a3dcef2514Normal"><span xml:space="preserve" class="sc1a6506f202b424d9d4e73a3dcef2514000000"> </span></p><p dir="ltr" class="sc1a6506f202b424d9d4e73a3dcef2514NoIndent"><span xml:space="preserve" class="sc1a6506f202b424d9d4e73a3dcef2514DefaultParagraphFont-000001">Source: </span><span class="sc1a6506f202b424d9d4e73a3dcef2514SCL">SL 2012, ch 15, § 1; SL 2022, ch 6, § 1.</span></p></div></body></html>