SB204

The amendment removes the fund distribution percentages (changing from 30/50 percent for large municipalities and 70/50 percent for other areas) and increases the maximum loan amount from one-third to one-half of a housing infrastructure project's total cost, which BROADENS the bill by allowing the authority to provide larger loans per project. The amendment also renumbers a statute section from 11-15-3 to 11-15-4 and eliminates a restriction on providing both grants and loans for the same project in larger municipalities.

The amendment increases the maximum loan amount from one-third to one-half of the total cost of housing infrastructure projects, allowing the South Dakota Housing Development Authority to provide larger loans and thus BROADENS the bill's capacity to fund these projects. This is a straightforward procedural enrollment that converts the bill from its engrossed committee version to its final enrolled form for signature.