SB 204 expands the types of infrastructure projects eligible for loans from South Dakota's housing infrastructure fund to include land acquisition and site preparation work needed to support new housing developments. The bill also allows the Housing Development Authority to use up to one percent of loan amounts to cover its administrative costs for managing these loans.
The amendment increases the maximum loan amount from one-third to one-half of total project costs and removes provisions about fund distribution percentages and grant-loan restrictions.
The maximum loan amount increased from one-third to one-half of the total housing infrastructure project cost.
Signed by the Governor S.J. 549
Delivered to the Governor S.J. 520
Signed by the Speaker H.J. 553
Signed by the President S.J. 505
House of Representatives Do Pass Amended Passed, YEAS 42, NAYS 25. H.J. 528
State Affairs Do Pass Passed, YEAS 8, NAYS 5.
State Affairs Scheduled for hearing H.J. 1
House of Representatives Referred to House State Affairs H.J. 446
First Reading House H.J. 423
Senate Do Pass Amended Passed, YEAS 20, NAYS 13. S.J. 361
Commerce and Energy Do Pass Amended Passed, YEAS 7, NAYS 1.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 160
Prime sponsor · Sen.
R
Prime sponsor · Rep.
R
Do Pass Amended
State Affairs — Do Pass
Do Pass Amended
Commerce and Energy — Do Pass Amended