South Dakota's housing infrastructure fund can now make loans to airports in cities with populations of at least 125,000 to improve or maintain airport facilities, with each loan capped at $15 million and charged at 2% annual interest. Repayments go back into the housing fund to support additional airport loans. This expands the fund's purpose beyond housing to include airport infrastructure development.
This bill does not directly amend codified state law.
This amendment fundamentally redirects the bill from transferring housing fund money to an economic development fund into a direct loan program where the South Dakota housing infrastructure fund itself provides loans to airport operators, while also narrowing eligibility to airports in metropolitan areas with specific population requirements and adding detailed loan terms including zero percent interest and a June 30, 2030 funding deadline. The bill was extensively amended (hoghoused) and shifted from an indirect funding mechanism to a dedicated airport infrastructure loan program with specific parameters.
The amendment changes the interest rate on airport infrastructure loans from zero percent to two percent per year, which weakens the financial benefit to airport borrowers by requiring them to pay interest on funds that were previously interest-free.
This change converted the bill from its engrossed (draft) form to its enrolled (final) form for passage, removing technical markup and legislative notes while preserving the substantive provisions that authorize loans from the South Dakota housing infrastructure fund for airport infrastructure improvements in larger metropolitan areas. The amendment does not alter the bill's core purpose or terms, which remain unchanged.
Other amendments
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 43, NAYS 24. H.J. 527
State Affairs Do Pass Passed, YEAS 7, NAYS 6.
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 22, NAYS 11. S.J. 364
Senate Motion to amend S.J. 364
Commerce and Energy Do Pass Amended Passed, YEAS 8, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
Committee on Appropriations Referred to Senate Commerce and Energy Passed, YEAS 8, NAYS 0.
Committee on Appropriations Scheduled for hearing
First read in Senate and referred to Senate Committee on Appropriations S.J. 11
Do Pass Amended
State Affairs — Do Pass
Do Pass Amended
Commerce and Energy — Do Pass Amended
Committee on Appropriations — Referred to