No application for a loan for a housing development shall be processed unless the applicant is a housing sponsor as defined in § 11-11-7 . Source: SL 1973, ch 180 , § 19 (1); SDCL Supp, § 28-19-126.
Loans restricted to sponsors meeting statutory definition
SDCL § 11-11-148, under SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY.
SDCL § 11-11-148