There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 11 PLANNING, ZONING AND HOUSING PROGRAMS
Chapter 11. South Dakota Housing Development Authority
§11-11-110 Mortgage loans to finance construction or rehabilitation of housing.
SD Codified L § 11-11-110 (through 2011) What's This?
11-11-110. Mortgage loans to finance construction or rehabilitation of housing. The authority shall have the power, as necessary or convenient to carry out and effectuate the purpose and provisions of this chapter, to make, undertake commitments to make, and participate in the making of mortgage loans, including without limitation federally insured mortgage loans and to make temporary mortgage loans and advances in anticipation of permanent mortgage loans to be made by the authority or other mortgage lenders to housing sponsors to finance the construction or rehabilitation of residential housing upon the terms and conditions set forth in §§ 11-11-143 to 11-11-162, inclusive.
Source: SL 1973, ch 180, § 14 (1); SDCL Supp, § 28-19-101; SL 1980, ch 204, § 6; SL 1983, ch 106, § 4M; SL 1995, ch 80, § 16.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
