Filed as: 12:22 Agribusiness Bonding and Lending Programs
This package has had no recorded movement since September 10, 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Dakota's Governor's Office of Economic Development is streamlining its agribusiness bonding program by eliminating outdated provisions and modernizing hearing procedures. The agency is removing the informal dispute resolution process, allowing public hearings to be held by telephone or video conference instead of requiring in-person attendance, and updating statutory references to reflect the program's transfer to different state authority oversight. Additionally, the state is completely repealing two programs that are no longer operational: the value-added agribusiness relending program and the value-added agriculture subfund, along with making technical corrections to modernize the remaining rules' language and fee structures.
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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