If the commissioner approves the application for guaranty, wholly or subject to conditions, the office shall issue a conditional approval of guaranty. The conditional approval shall stipulate any conditions that must be met before a final guaranty is put into place, including the maximum amount of the guaranty and the maximum time allowed for purchase of the livestock.

Source: 17 SDR 141, effective March 25, 1991; SL 2019, ch 235, § 37 and 38, effective April 14, 2019.

General Authority: SDCL 1 -53-30 .

Law Implemented: SDCL 1-53-24, 1-53-29 .

Prior versions effective: 1991-03-25.