South Dakota Statutes
§ 1-16B-54 — Direct mortgage loans for preferred development projects.
South Dakota § 1-16B-54
JurisdictionSouth Dakota
Title 1STATE AFFAIRS AND GOVERNMENT
Ch. 1-16ECONOMIC DEVELOPMENT FINANCE AUTHORITY
This text of South Dakota § 1-16B-54 (Direct mortgage loans for preferred development projects.) 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-54 (2026).
Text
Notwithstanding any other provision in this chapter, the authority may participate with other parties in the making of direct mortgage loans for capital improvements for preferred development projects. The interest rate and time and rate of amortization for that part of such a mortgage loan made by the authority and that made by others need not be equal. The interest rate, if any, charged by the authority shall be determined by the authority and the principal indebtedness represented by the mortgage loan and interest accrued, if any, may be forgiven on such terms and conditions as the authority in the exercise of its discretion deems appropriate.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1994, ch 11, § 8.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 1-16B-54, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/1-16B-54.