49-16C-3. Loans to regional railroad authorities--Procedure.The South Dakota State Railroad Board may upon the written approval of the Governor make loans from the railroad trust fund to regional railroad authorities upon such terms and conditions as the State Railroad Board may determine. The South Dakota State Railroad Board shall adopt rules, pursuant to chapter 1-26 establishing the procedures for loan application and approval. Source: SL 1981, ch 100, §7.
South Dakota Legal Code