South Dakota Statutes

§ 1-16B-41 — Loans made only when other loans not available.

South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-16 ECONOMIC DEVELOPMENT FINANCE AUTHORITY
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.

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South Dakota § 1-16B-41 (Loans made only when other loans not available.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1978, ch 9, § 33; SL 1986, ch 14, § 13.

Nearby Sections

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