# South Dakota Housing Infrastructure Fund — Airport Lending Program The South Dakota Housing Development Authority is establishing a new loan program for airport infrastructure improvements and maintenance, available to airport owners and operators. Applicants must submit forms prescribed by the Authority showing they own or operate an airport and that their project meets applicable design standards and regulations. The Authority's board will approve or deny applications based on these criteria, and approved projects will be formalized through written loan agreements.
AI-generated from the proposed rule text — verify against the official documents.
The effect of the proposed rules is to establish a clear process for the application, approval, and disbursement of loans from the South Dakota Housing Infrastructure Financing Fund, as authorized by SDCL Chapter 11-15. The proposed rules are intended to support the new law that allows loans for airport infrastructure.
No specific cites listed — see the package documents.