South Dakota § 11-15-3 Distribution of monies--Limitation.

South Dakota Statutes

§ 11-15-3 — Distribution of monies--Limitation.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-14 SOUTH DAKOTA HOUSING INFRASTRUCTURE FUND

The authority shall distribute monies from the South Dakota housing infrastructure fund, created in § 11-15-2 , as follows:

(1)Thirty percent for housing infrastructure in municipalities having a population of fifty thousand or more; and (2) Seventy percent for housing infrastructure in all other areas of the state. The authority may not provide both a grant and loan from the South Dakota housing infrastructure fund for the same housing infrastructure project located in a municipality having a population of fifty thousand or more.

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The authority shall distribute monies from the South Dakota housing infrastructure fund, created in § 11-15-2 , as follows: (1) Thirty percent for housing infrastructure in municipalities having a population of fifty thousand or more; and (2) Seventy percent for housing infrastructure in all other areas of the state. The authority may not provide both a grant and loan from the South Dakota housing infrastructure fund for the same housing infrastructure project located in a municipality having a population of fifty thousand or more.

South Dakota § 11-15-3 (Distribution of monies--Limitation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.