An applicant for assistance shall submit an application to the board on forms obtained from the department. An application shall not be considered by the board until the secretary has determined that the application is complete. A complete loan application must include:

1. (1) An application form to include:

   1. (a) Certification of Clean Water Needs Categories;
   2. (b) Certification Regarding Debarment, Suspension, and Other Responsibility Matters; and
   3. (c) Cost and Effectiveness Certification Form;
2. (2) Two years of the most recent audits or statements to include specific accounting of the fund pledged for repayment of the loan;
3. (3) The current year's budget;
4. (4) Documentation of the current user rates and surcharges, if applicable;
5. (5) A resolution of authorized signatory for submittal of application and signing of payment requests;
6. (6) A draft facilities plan; and
7. (7) Amortization schedules for all existing debt secured by the proposed revenue pledged.

Source: 15 SDR 20, effective August 7, 1988; 33 SDR 106, effective December 26, 2006; 36 SDR 208, effective June 28, 2010; 40 SDR 14, effective July 29, 2013; 41 SDR 173, effective May 11, 2015 ; 49 SDR 100, effective May 22, 2023 .

General Authority: SDCL 46A-1-60.3 .

Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3 , inclusive .

Prior versions effective: 2015-05-11, 2013-07-29.