South Dakota Statutes

§ 11-11-117 — Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY
The authority may not disburse a loan for the acquisition of a homeownership housing unit until construction is substantially complete or the final insurance or guarantee certificate has been issued.

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South Dakota § 11-11-117 (Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1980, ch 204, § 17; SDCL Supp, § 28-19-102.6; SL 1981, ch 221, § 4; SL 1995, ch 80, § 17.

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