§ 70:05:03:05

ARSD 70:05:03:05

Permissible uses of loan proceeds.

Effective Nov 21, 202249 SDR 47Source: 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 .

Railroad trust fund loans may be used for the acquisition, development, and improvement of railroad infrastructure.

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.