The department shall provide application forms to applicants. The application must be complete before it is processed. Applications must include the following information:
- (1) The applicant's name and address;
- (2) A detailed description of the proposed railroad project;
- (3) The names and addresses of the proposed rail operator and any other benefitted entity;
- (4) Articles of incorporation and bylaws or other agreements that describe the legal operation or structure of the regional railroad authority;
- (5) A statement that addresses the economic benefit of the project;
- (6) Assurance of compliance with local zoning laws and building codes;
- (7) The approximate project commencement date, the completion date, and the date by which the project will be fully operational; and
- (8) Any other information requested by the department or the board to make a sound loan decision.
Source: 19 SDR 107, effective January 24, 1993 ; 49 SDR 47, effective November 21, 2022 .
General Authority: SDCL 49-16C-3 .
Law Implemented: SDCL 49-16C-3 .
Prior versions effective: 1993-01-24.