ARSD 74:05:12:18
ARSD 74:05:12:18. Assistance agreement interest rates
Cite as S.D. Admin. R. 74:05:12:18
The board shall set the interest rate for the brownfields revolving loan subfund loans, based upon:
(1) Current market rates; and
(2) Current demand for program funds.
Based on the above criteria, the board may also adjust the interest rate at any board meeting if the proposed action is included on the agenda posted for the meeting.