South Dakota Codified Laws
Chapter 53 - Governor's Office Of Economic Development
Section 1-53-15 - Small business credit initiative fund.

1-53-15. Small business credit initiative fund.
There is established within the state treasury a fund to be known as the small business credit initiative fund for the purpose of making loans for economic development as permitted by 12 U.S. C. Chapter 54 (2021).

Source: SL 2012, ch 15, §1; SL 2022, ch 6, § 1.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 1 - State Affairs and Government

Chapter 53 - Governor's Office Of Economic Development

Section 1-53-1 - Governor's Office of Economic Development created--Commissioner as head.

Section 1-53-3 - Purpose of Governor's Office of Economic Development.

Section 1-53-4 - Functions of Governor's Office of Economic Development.

Section 1-53-5 - Information received by Governor's Office of Economic Development--When open to public inspection--Copies.

Section 1-53-6 - Confidentiality of certain information.

Section 1-53-7 - Contributions to Governor's Office of Economic Development--Special revenue fund--Use and disbursements.

Section 1-53-15 - Small business credit initiative fund.

Section 1-53-16 - Acceptance or expenditure of funds reported in informational budget.

Section 1-53-17 - Deposits into and expenditures from small business credit initiative fund.

Section 1-53-18 - Property given as security for loan.

Section 1-53-19 - Confidentiality of certain information concerning small business credit initiative loans.

Section 1-53-20 - Criminal background investigation of new employees--Temporary employment--Fees.

Section 1-53-21 - Farm link program established.

Section 1-53-22 - Promulgation of rules governing farm link program.

Section 1-53-23 - Commissioner of Governor's Office of Economic Development as state official to receive rural rehabilitation trust assets.

Section 1-53-24 - Agreements for administration of trust assets by federal government.

Section 1-53-25 - Deposit of trust assets with state treasurer--Purposes for which used.

Section 1-53-26 - Compromise, adjustment, and collection of claims and obligations.

Section 1-53-27 - Purchase and acquisition of property securing indebtedness.

Section 1-53-28 - Operation, lease, and disposition of property purchased or acquired.

Section 1-53-29 - Investment, transfer, and sale of securities and obligations--Purposes.

Section 1-53-30 - Promulgation of rules for disposition of claims and administration of trust.

Section 1-53-31 - Powers delegated to secretary of agriculture of United States.

Section 1-53-32 - United States held free from liability.

Section 1-53-33 - Severability of provisions.

Section 1-53-34 - Value added agriculture subfund created.

Section 1-53-35 - Value added agriculture subfund administration.

Section 1-53-36 - Earnings on value added agriculture subfund.

Section 1-53-37 - Promulgation of rules--Value-added agriculture subfund.

Section 1-53-38 - South Dakota Certified Beef Program.

Section 1-53-39 - Beef products produced by registered participants in compliance with requirements authorized for sale as South Dakota Certified Beef.

Section 1-53-40 - Authority of Governor's Office of Economic Development--Program requirements and operation.

Section 1-53-41 - Use of mark, copyright, or label--Violation as felony.

Section 1-53-42 - Confidential information--Exception.

Section 1-53-43 - Promulgation of rules on certified beef program.

Section 1-53-44 - Enforcement by court action--Injunctive relief.

Section 1-53-45 - Revocation of license.

Section 1-53-46 - Agency cooperation to develop, administer, and market certified beef program.

Section 1-53-47 - South Dakota Certified beef fund--Deposits and expenditures.