Time for new frontiers payment--Additional information

SDCL § 1-16G-80 — under ECONOMIC DEVELOPMENT.

SDCL § 1-16G-80

After the timely receipt of a completed affidavit for new frontiers payment, within ninety days GOED shall make payment from the reinvestment fund established in § 1-16G-64 to the program owner based upon the amount and terms approved by the board. If GOED requests additional documents or information from the program owner, the ninety-day period begins to run from the date of receipt of the additional documents or information. GOED shall tender the new frontiers payment by electronic funds transfer. Source: SL 2016, ch 5 , § 8.