South Dakota Administrative Code

68:01:02:08. Factors for action by authority. Repealed. Source: 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 52 SDR 49, effective November 17, 2025.

68:01:02:09. Action by authority on applications. Repealed. Source: 16 SDR 158, effective March 25, 1990; 52 SDR 49, effective November 17, 2025.

68:01:02:10. Reservation of right to make loan. Repealed. Source: 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001; 52 SDR 49, effective November 17, 2025.

68:01:02:11. Acceptance by applicant -- Time restrictions. Repealed. Source: 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001; 52 SDR 49, effective November 17, 2025.

68:01:02:12. Review of financial status. Repealed. Source: 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001; 52 SDR 49, effective November 17, 2025.

68:01:02:13. Loan agreement. Repealed. Source: 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001; 52 SDR 49, effective November 17, 2025.

68:01:02:14. Maturity and interest rate. Repealed. Source: 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001; 52 SDR 49, effective November 17, 2025.

68:01:02:15. Lender agreement. Repealed. Source: 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 27 SDR 66, effective January 4, 2001; 52 SDR 49, effective November 17, 2025.

68:01:02:16. Reporting requirements for regulated lender. Repealed. Source: 16 SDR 158, effective March 25, 1990; 52 SDR 49, effective November 17, 2025.

68:01:02:17. Reporting requirements for borrower. Repealed. Source: 16 SDR 158, effective March 25, 1990; 21 SDR 14, effective August 3, 1994; 52 SDR 49, effective November 17, 2025.

68:01:02:18. Inspection of business by authority -- Retention of records. Repealed. Source: 16 SDR 158, effective March 25, 1990; 52 SDR 49, effective November 17, 2025.

68:01:02:19. Default on loan agreement. Repealed. Source: 16 SDR 158, effective March 25, 1990; 27 SDR 66, effective January 4, 2001; 52 SDR 49, effective November 17, 2025.

68:01:02:20. Interim financing. Repealed. Source: 16 SDR 158, effective March 25, 1990; 52 SDR 49, effective November 17, 2025.

Rule 68:02:01:01 Repealed. 68:02:01:01. Definitions. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4, 1994; 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:02 Repealed. 68:02:01:02. Eligibility requirements. Repealed. Source: 14 SDR 24, effective August 19, 1987; 25 SDR 59, effective October 28, 1998; 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:03 Repealed. 68:02:01:03. Preapplication conference. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:04 Repealed. 68:02:01:04. Application requirements. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4, 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:05 Repealed. 68:02:01:05. Loan amounts. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:06 Repealed. 68:02:01:06. Equity contribution. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4. 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:07 Repealed. 68:02:01:07. Permissible uses of loan proceeds. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:08 Repealed. 68:02:01:08. Impermissible uses of loan proceeds. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:09 Repealed. 68:02:01:09. Interim financing. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:10 Repealed. 68:02:01:10. Factors for board action. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4, 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:11 Repealed. 68:02:01:11. Board action on applications. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:12 Repealed. 68:02:01:12. Acceptance and time restrictions of applicant. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4, 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:13 Repealed. 68:02:01:13. Lender agreement. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4, 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:14 Repealed. 68:02:01:14. Regulated lender reporting requirements. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:15 Repealed. 68:02:01:15. Loan agreement. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:16 Repealed. 68:02:01:16. Borrower reporting requirements. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4, 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:17 Repealed. 68:02:01:17. Inspection of the business by the board and retention of records. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:18 Repealed. 68:02:01:18. Additional notification requirements. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:19 Repealed. 68:02:01:19. Maturity and interest rate. Repealed. Source: 14 SDR 24, effective August 19, 1987; 21 SDR 44, effective July 4, 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:20 Repealed. 68:02:01:20. Review of financial status. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:21 Repealed. 68:02:01:21. Default on loan agreement. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:22 Repealed. 68:02:01:22. Enterprise zones. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:23 Repealed. 68:02:01:23. Delegation of administrative functions. Repealed. Source: 14 SDR 24, effective August 19, 1987; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:24 Repealed. 68:02:01:24. Banking commission audit. Repealed. Source: 21 SDR 44, effective July 4, 1994; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:25 Repealed. 68:02:01:25. Loans to RRLFs. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:26 Repealed. 68:02:01:26. RRLF application requirements. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:27 Repealed. 68:02:01:27. RRLF loan amount. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:28 Repealed. 68:02:01:28. RRLF loan maturity and interest rate. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:29 Repealed. 68:02:01:29. RRLF loan collateral. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:30 Repealed. 68:02:01:30. Impermissible uses of RRLF loan proceeds. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:31 Repealed. 68:02:01:31. RRLF borrower reporting requirements. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:32 Repealed. 68:02:01:32. Application of other rules to RRLF loans. Repealed. Source: 30 SDR 99, effective December 15, 2003; repealed, 34 SDR 68, effective September 13, 2007.

Rule 68:02:01:33 Definitions. 68:02:01:33. Definitions. Terms used in this chapter mean: (1) "Applicant," any natural person, for-profit entity, or non-profit entity that has completed a REDI fund loan application; (2) "Board," the Board of Economic Development; (3) "Borrower," a…

Rule 68:02:01:34 Eligibility requirements. 68:02:01:34. Eligibility requirements. Any natural person or entity whose project will create or retain primary jobs is eligible to apply for a loan from the REDI fund. The creation or retention of primary jobs is not required for a proj…

68:02:01:35. Application requirements -- Screening. GOED shall provide loan application forms, which the applicant shall complete and sign before an application may be presented to the board. GOED shall screen all applications for completeness and eligibility upon receipt. No inc…

68:02:01:36. Loan amounts. Unless waived by an affirmative vote of two-thirds of the members of the board present and voting, a loan made pursuant to this chapter may not exceed the original principal amount of three million dollars. Unless waived by an affirmative vote of two-th…

Rule 68:02:01:37 Equity contribution. 68:02:01:37. Equity contribution. The applicant shall provide an equity contribution of a minimum of 10 percent of the total project costs as determined by the board. The requirement may be waived by the affirmative vote of two-thirds vote of…