The authority may audit the records of a bond purchaser or the bond purchaser's agents, and the eligible applicant, relating to any loan or bond governed by this chapter, to ensure that bond proceeds were used for a qualified purpose.

Source: 23 SDR 161, effective April 7, 1997 ; 52 SDR 49, effective November 17, 2025 .

General Authority: SDCL 1-16B-70 .

Law Implemented: SDCL 1-16B-56 , 1-16B-57 , 1-16B-73 .

Prior versions effective: 1997-04-07.