Within 10 days of receiving the loan documentation, the office shall issue the guaranty for an amount not to exceed 50 percent of the proceeds spent for the purchase of the livestock or $100,000, whichever is less.

Source: 17 SDR 141, effective March 25, 1991; 29 SDR 34, effective September 18, 2002; 38 SDR 45, effective September 22, 2011; 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: 2011-09-22.