Housing infrastructure funding may not be used to finance:

1. (1) The acquisition of real property that is not developed as public infrastructure;
2. (2) The construction of any permanent physical structure or building other than public infrastructure; or
3. (3) Any debt of the applicant.

Source: 49 SDR 125, effective July 3, 2023 .

General Authority: SDCL 11-15-6 .

Law Implemented: SDCL 11-15-1 to 11-15-5 , inclusive .

Prior versions effective: 2023-07-03.