South Dakota § 1-16G-53 Matching basis of awards from economic development partnership fund.

South Dakota Statutes

§ 1-16G-53 — Matching basis of awards from economic development partnership fund.

South Dakota § 1-16G-53

Title 1STATE AFFAIRS AND GOVERNMENT

Ch. 1-16FECONOMIC DEVELOPMENT

This text of South Dakota § 1-16G-53 (Matching basis of awards from economic development partnership fund.) 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 § 1-16G-53 (2026).

Text

Any funds awarded under the economic development partnership fund shall be provided on a matching basis. The funds awarded to a recipient for staffing may be distributed over a four year period with forty percent being distributed in the first year, thirty percent in the second year, twenty percent in the third year, and ten percent in the fourth year. Over the four year period, the recipient shall match the total funds received from the economic development partnership fund.

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Any funds awarded under the economic development partnership fund shall be provided on a matching basis. The funds awarded to a recipient for staffing may be distributed over a four year period with forty percent being distributed in the first year, thirty percent in the second year, twenty percent in the third year, and ten percent in the fourth year. Over the four year period, the recipient shall match the total funds received from the economic development partnership fund.