South Dakota Statutes

§ 1-16B-38 — Maximum loan to local agency--Vote required for approval.

South Dakota § 1-16B-38
JurisdictionSouth Dakota
Title 1STATE AFFAIRS AND GOVERNMENT
Ch. 1-16ECONOMIC DEVELOPMENT FINANCE AUTHORITY

This text of South Dakota § 1-16B-38 (Maximum loan to local agency--Vote required for approval.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.D. Codified Laws § 1-16B-38 (2026).

Text

If the authority determines, after hearing and examination, that the public purposes of this chapter will be accomplished, the authority may grant a loan to an enterprise. Approval of loan applications shall be by a majority vote of all members of the board of directors, eligible to vote thereon, the vote of each eligible member being duly recorded.

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Legislative History

SL 1978, ch 9, §§ 7, 32; SL 1986, ch 14, § 10.

Nearby Sections

15
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Bluebook (online)
South Dakota § 1-16B-38, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/1-16B-38.