The board shall set the repayment period for each assistance agreement. The maximum allowable repayment period is five years for interim financing, and 30 years in all other cases as permitted by the Act. The repayment period may not exceed the useful life of the facilities.

Source: 23 SDR 195, effective May 25, 1997; 30 SDR 170, effective May 10, 2004; 33 SDR 106, effective December 6, 2006; 41 SDR 173, effective May 11, 2015.

General Authority: SDCL 46A-1-60.1 to 46A-1-60.3.

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

Prior versions effective: 2006-12-06.