§ 74:05:10:12.02

ARSD 74:05:10:12.02

Interest rates.

Effective Jul 29, 201340 SDR 14Source: 23 SDR 12, effective July 30, 1996; 28 SDR 95, effective December 19, 2001; 40 SDR 14, effective July 29, 2013. | General Authority: SDCL 46A-1-67 , 46A-1-84. | Law Implemented: SDCL 46A-1-84.

The board shall set the interest rates based upon:

(1) Current market rates;
(2) Current rate of alternative federal or state programs; and
(3) Current demand for program funds.

Source: 23 SDR 12, effective July 30, 1996; 28 SDR 95, effective December 19, 2001; 40 SDR 14, effective July 29, 2013.

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

Law Implemented: SDCL 46A-1-84.