South Dakota Codified Laws
Chapter 16G - Economic Development
Section 1-16G-58 - Application for reinvestment payment.

1-16G-58. Application for reinvestment payment.
Before any person receives any reinvestment payment as provided in §§1-16G-56 to 1-16G-68, inclusive, the person shall file an application with GOED. The application may be filed no later than ninety days after the construction date. No person may receive any reinvestment payment as provided by §§1-16G-56 to 1-16G-68, inclusive, if the application is not timely filed with GOED.
The application shall include the following information:
(1)The project owner's name and contact information;
(2)The general description of the project;
(3)The construction date of the project;
(4)The projected date for completion of the project;
(5)The estimated project costs;
(6)The location of the project;
(7)The legal description of the project location;
(8)A list of the anticipated contractors and subcontractors that will perform work on the project; and
(9)Any other information that GOED may require.
The application shall be on a form prescribed by the commissioner. The application shall be signed by the project owner under penalty of perjury, and signed under oath before a notary public. No application may include more than one project.

Source: SL 2013, ch 7, §26, eff. Mar. 20, 2013.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 1 - State Affairs and Government

Chapter 16G - Economic Development

Section 1-16G-1 - Board of Economic Development created--Appointment--Terms.

Section 1-16G-1.1 - Authority of Board of Economic Development.

Section 1-16G-1.2 - Foreclosure as means of protecting loan--Sale, transfer, or conveyance of property.

Section 1-16G-1.3 - Nonvoting members of Board of Economic Development.

Section 1-16G-3 - Revolving economic development and initiative fund--Purpose.

Section 1-16G-5 - Receipt of repayment of loans and interest--Rules--Loans for credit enhancement--Reversion of excess.

Section 1-16G-6 - No appeal by applicant from board's action.

Section 1-16G-7 - Acceptance and expenditure of other funds by Board of Economic Development.

Section 1-16G-8 - Promulgation of rules.

Section 1-16G-10 - Annual report by Board of Economic Development.

Section 1-16G-11 - Documentary material consisting of trade secrets exempt from disclosure--Discussion of or action on trade secrets at meeting closed to public.

Section 1-16G-16.1 - Procurement of certain services for revolving economic development and initiative fund.

Section 1-16G-24 - Use of earnings for administrative costs of Division of Finance of Governor's Office of Economic Development.

Section 1-16G-47.1 - Disbursements from local infrastructure improvement grant fund and economic development partnership fund.

Section 1-16G-49 - Annual report to Government Operations and Audit Committee.

Section 1-16G-50 - Local infrastructure improvement grant fund.

Section 1-16G-51 - Economic development partnership fund created.

Section 1-16G-52 - Awards from economic development partnership fund.

Section 1-16G-53 - Matching basis of awards from economic development partnership fund.

Section 1-16G-54 - Promulgation of rules regarding local infrastructure improvement grant fund.

Section 1-16G-55 - Promulgation of rules regarding economic development partnership fund.

Section 1-16G-56 - Definitions relating to reinvestment payment program.

Section 1-16G-57 - Reinvestment payment procedure.

Section 1-16G-58 - Application for reinvestment payment.

Section 1-16G-59 - Factors for board review of application.

Section 1-16G-60 - Permit to submit an affidavit for reinvestment payment.

Section 1-16G-61 - Affidavit for reinvestment payment--Form and contents.

Section 1-16G-62 - Time for filing affidavit for reinvestment payment--Eligible project costs--Extension.

Section 1-16G-63 - Time and manner of reinvestment payment.

Section 1-16G-64 - Reinvestment payment fund created.

Section 1-16G-65 - Effect of tax collection agreement with Indian tribe.

Section 1-16G-66 - Public records-Information on the GOED website.

Section 1-16G-67 - Promulgation of rules on reinvestment payments.

Section 1-16G-68 - Prohibited commissions.

Section 1-16G-73 - Definitions relating to new frontiers program.

Section 1-16G-74 - Requirements for new frontiers program applicants.

Section 1-16G-75 - Time for filing application--Contents.

Section 1-16G-76 - Board review of application--Factors for consideration.

Section 1-16G-77 - Permit from GOED--Assignment and transfer of permit and payment--Amended application.

Section 1-16G-78 - Affidavit for new frontiers payment--Contents.

Section 1-16G-79 - Time for filing affidavit for payment--Final program cost determination--Extension.

Section 1-16G-80 - Time for new frontiers payment--Additional information.

Section 1-16G-81 - Repayment upon relocation outside of state--Repayment waiver.

Section 1-16G-82 - Limitations on reinvestment payments.

Section 1-16G-83 - Public information.

Section 1-16G-84 - Promulgation of rules regarding new frontiers program.

Section 1-16G-85 - [Effective until July 1, 2025] Definitions.

Section 1-16G-86 - [Effective until July 1, 2025] Disaster relief subfund--Creation--Continuous appropriation.

Section 1-16G-87 - [Effective until July 1, 2025] Disaster relief subfund--Loans.

Section 1-16G-88 - [Effective until July 1, 2025] Disaster relief subfund--Reporting.

Section 1-16G-89 - [Effective until July 1, 2025] Disaster relief subfund loans--Confidentiality.