The Board of Economic Development shall administer the value added agriculture subfund, and make grants or loans from the value added agriculture subfund. The value added agriculture subfund shall be used to develop and promote value added agriculture in South Dakota including the initial or subsequent production, use, or processing of any form of agricultural commodity, product, or by-product in this state.

Source: SL 2013, ch 192, § 7; SDCL § 38-6-14; SL 2019, ch 235 (Ex. Ord. 19-1), § 55, eff. Apr. 14, 2019; SL 2020, ch 4, § 22.