ARSD 70:05:03 – Railroad Trust Fund Loans | Midpage

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Administrative Rules of South Dakota

Chapter 70:05:03

ARSD 70:05:03

Railroad Trust Fund Loans

70:05:03:01Definitions.70:05:03:02Eligibility requirements.70:05:03:03Application requirements.70:05:03:04Equity contribution, Repealed.70:05:03:05Permissible uses of loan proceeds.70:05:03:06Factors for board action.70:05:03:07Loan agreement and time restrictions.70:05:03:08Loan security.70:05:03:09Borrower reporting requirements.70:05:03:10Inspection of the borrower by the board and retention of records.70:05:03:11Additional notification requirements.70:05:03:12Maturity and interest rate.70:05:03:13Review of financial status.70:05:03:14Default on loan agreement.70:05:03:15Delegation of administrative functions.