Filed as: 68:01 Economic Development Finance Authority – General Provisions
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South Dakota is streamlining its Economic Development Finance Authority rules by repealing three outdated sections that are no longer necessary: the APEX loan program rules, the NNC guarantee program rules, rules about permissible uses of loan proceeds, and a rule about priority of funds allocation. The agency is also updating statutory cross-references throughout the remaining rules to point to the correct sections of state law and making technical corrections like changing "must" to "shall" and spelling out numbers. These changes clean up the rules without altering how loans are actually made or what borrowers must do to qualify.
AI-generated from the proposed rule text — verify against the official documents.
The effect of the rules will be to repeal unnecessary provisions relating to loans made by the Economic Development Finance Authority. The proposed rules will also make technical corrections to certain statutory cross-references.
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