Unless otherwise specifically provided in the resolution or motion approving the loan, the applicant shall use the loan to pay off interim financing incurred for the project.

Source: 34 SDR 68, effective September 13, 2007.

General Authority: SDCL 1- 16G-5 , 1-16G-8(9).

Law Implemented: SDCL 1- 16G-5 , 1-16G-8(9).