If the project costs for a new and expanded facility exceed the amounts specified in SDCL 1-16G-57, a person may apply for a reinvestment payment pursuant to this chapter. The person shall:
- (1) Timely file an application with GOED as required by SDCL 1-16G-58;
- (2) Request the board take action to approve or deny its application for reinvestment payment pursuant to § 68:02:07:05;
- (3) Accept the board's approval and receive a permit from GOED pursuant to § 68:02:07:06;
- (4) Timely file an affidavit for reinvestment payment with GOED as required by § 68:02:07:10; and
- (5) Otherwise comply with the conditions, restrictions, and limitations imposed by this chapter.
Source: 39 SDR 221, effective July 1, 2013.
General Authority: SDCL 1-16G-8(6) , 1-16G-67.
Law Implemented: SDCL 1-16G-8(6) , 1-16G-57 , 1-16G-67.