Major metropolitan airport loan--Purpose--Maximum amount--Public hearing--Repayment

In addition to any other loan authorized in § 11-15-2 , the authority may provide loans from the South Dakota housing infrastructure fund, created in § 11-15-2 , to the owner or operator of an airport with scheduled air service located in this state and in a metropolitan statistical area with an estimated annual resident population of at least one hundred twenty-five thousand, determined as of July 1, 2024, by the United States Census Bureau. Loans provided under this section: (1) Are for the purpose of improving or maintaining airport infrastructure; (2) May not exceed fifteen million dollars per recipient; and (3) Are subject to the terms set forth in §