Any of the following constitutes a default upon the conditions of an economic development partnership grant:
- (1) If the applicant knowingly makes any material false statement or report in the application;
- (2) Failure to secure the required matching funds for the economic development partnership grant;
- (3) Failure to adhere to the conditions of the economic development partnership grant; or
- (4) Repeated failure by the applicant to provide access to documents or to provide the reports and other information required by this chapter.
Source: 39 SDR 221, effective July 1, 2013.
General Authority: SDCL 1-16G-8(9)(11) , 1-16G-55.
Law Implemented: SDCL 1-16G-8(9)(11) , 1-16G-51 , 1-16G-55.