No application for a loan for a housing development shall be processed unless the applicant is a housing sponsor as defined in § 11-11-7.
S.D. Codified Laws § 11-11-148
Loans restricted to sponsors meeting statutory definition
Known as the South Dakota Housing Development Authority Act
The act spans §§ 11-11-1 to 11-11-99 (141 sections).
Source: SL 1973, ch 180, § 19 (1); SDCL Supp, § 28-19-126.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.