Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed

The authority may not disburse a loan for the acquisition of a homeownership housing unit until construction is substantially complete or the final insurance or guarantee certificate has been issued. Source: SL 1980, ch 204 , § 17; SDCL Supp, § 28-19-102.6; SL 1981, ch 221 , § 4; SL 1995, ch 80 , § 17.