Filed as: 12:22 Agribusiness Bonding and Lending Programs
This package has had no recorded movement since August 13, 2025 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.
South Dakota's Economic Development Finance Authority is consolidating and streamlining its agribusiness lending rules. The changes remove an outdated informal dispute resolution process, allow public hearings for bond-funded projects to be conducted remotely by phone or video conference instead of requiring in-person attendance, and update references to reflect the authority's current name and governing statutes. The state is also repealing all rules for two discontinued lending programs: the value-added agribusiness relending program and the value-added agriculture subfund, which are no longer in use.
AI-generated from the proposed rule text — verify against the official documents.
The effect of the rules will be to remove an unnecessary provision relating to informal dispute resolution in the Economic Development Finance Authority’s agribusiness bonding program and to change the requirement for a local in-person hearing for bonds issued for projects under the program, provided an option to participate telephonically or by video conference is provided to interested parties. The proposed rules will also make technical corrections to rules for the agribusiness bonding program and repeal rules for the value added agribusiness relending program and the value-added agriculture subfund.
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