Applicants shall submit an application to the board on forms obtained from the department. The applicant may arrange with the department for a preapplication conference to provide for orderly application preparation. An application will not be considered by the board until the secretary has determined that the application is complete. A complete application must include the following items, as applicable to the proposal:

1. (1) Application form;
2. (2) Project narrative;
3. (3) Current year budget;
4. (4) Previous two years of financial statements;
5. (5) Amortization schedules for all debt pledged to proposed security;
6. (6) Local government resolution approving signatory of application, agreements, and pay requests;
7. (7) Local government resolution approving current fee structure;
8. (8) Cooperative agreements with units of local government;
9. (9) Letters of financial commitment from other federal, state, or local agencies or private resources; and
10. (10) Business plan.

Source: 17 SDR 7, effective July 22, 1990; 19 SDR 61, effective October 25, 1992; 21 SDR 97, effective November 28, 1994; 28 SDR 95, effective December 19, 2001; 41 SDR 173, effective May 11, 2015.

General Authority: SDCL 46A-1-84.

Law Implemented: SDCL 46A-1-82 to 46A-1-84.

Prior versions effective: 2001-12-19.