12:07:12:17Loan
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
repayments and maturities. Loan maturities and repayment schedules shall be based on the project purpose and depreciable life of the security, but may not exceed a total of ten years. Direct loans may have a longer maturity. There is no prepayment penalty.
Source: 17 SDR 141, effective March 25, 1991; 45 SDR 31, effective September 13, 2018; SL 2019, ch 235, § 37 and 38, effective April 14, 2019.