11-15-3. Distribution of monies--Limitation.The authority shall distribute monies from the South Dakota housing infrastructure fund, created in §11-15-2, as follows:(1)Thirty percent for housing infrastructure in municipalities having a population of fifty thousand or more; and(2)Seventy percent for housing infrastructure in all other areas of the state.The authority may not provide both a grant and loan from the South Dakota housing infrastructure fund for the same housing infrastructure project located in a municipality having a population of fifty thousand or more. Source: SL 2023, ch 41, §10, eff. Feb. 1, 2023.
South Dakota Legal Code