Distribution of monies--Limitation

The authority shall distribute monies from the South Dakota housing infrastructure fund, created in § 11-15-2 , as follows: (1) Thirty percent for housing infrastructure in municipalities having a population of fifty thousand or more; and (2) Seventy percent for housing infrastructure in all other areas of the state. The authority may not provide both a grant and loan from the South Dakota housing infrastructure fund for the same housing infrastructure project located in a municipality having a population of fifty thousand or more. Source: SL 2023, ch 41 , § 10, eff. Feb. 1, 2023.