74 : 05 : 08 : 18.01 . Loans for nonpoint source projects . An applicant is eligible for a reduction in the interest rate if as part of its assistance agreement the applicant agrees to fund an eligible nonpoint source project in a watershed where the applicant is located or in a watershed or groundwater area that contributes water to the applicant's water system.

Source: 49 SDR 100, effective May 22, 2023.

General Authority: SDCL 46A-1-60.2 .

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