The board shall establish interest rates for the solid waste management program. The board may adjust the interest rates at any meeting if the proposed action is included on the agenda posted for the meeting. A loan must be prior to or at parity with other loans having the same security unless the board approves otherwise. The applicant must show evidence that revenues are sufficient to support the proposed project considered for funding.

Source: 23 SDR 12, effective July 30, 1996; 28 SDR 95, effective December 19, 2001.

General Authority: SDCL 46A-1-67 , 46A-1-84.

Law Implemented: SDCL 46A-1-84.