Governor's Office of Economic Development
68:02 Board of Economic Development
Stalled···This package has had no recorded movement since February 12, 2020 and was never filed with the Secretary of State. State law sets no deadline for finishing a noticed rule, so it remains legally pending — but is inactive in practice.
The effect of the amendments will be to authorize the Board of Economic Development to make loans from the Revolving Economic Development and Initiative Fund for the construction and refurbishment of multi-family housing. The amendments will allow for the amortization of loans for multi-family housing for a term of up to 30 years. The proposal also includes the repeal of a transitional rule adopted in 2007 which is not obsolete.
Rulemaking Pipeline
- Public hearingFebruary 12, 2020
- Comment deadlineFebruary 11, 2020
- Rules Review Committee—
- Filed with Secretary of State—
- Effective—
Affected ARSD Rules
Documents
Some documents are only downloadable from the state portal page ↗.
Agency contact: Ashley Moore · [email protected]
Source: rules.sd.gov #571 ↗