South Dakota § 11-15-4 Housing infrastructure loans--Limitation--Administrative expenses.

South Dakota Statutes

§ 11-15-4 — Housing infrastructure loans--Limitation--Administrative expenses.

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

The authority may make loans from the South Dakota housing infrastructure fund, created in § 11-15-2 , for housing infrastructure projects. The principal amount of a loan may not exceed one-third of the total cost of the housing infrastructure project. The authority may use up to one percent of the principal amount of a loan to offset the authority's expenses in administering the loan.

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