There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 1 STATE AFFAIRS AND GOVERNMENT
Chapter 16B. Economic Development Finance Authority
§1-16B-41 Loans made only when other loans not available.
SD Codified L § 1-16B-41 (through 2011) What's This?
1-16B-41. Loans made only when other loans not available. The authority shall require the applicant enterprise to investigate fully other sources of funding for a development project. Such loans shall be made only after a determination by the authority that sufficient development project loans are not otherwise available from private or public lenders upon reasonably equivalent terms and conditions.
Source: SL 1978, ch 9, § 33; SL 1986, ch 14, § 13.
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