South Dakota Codified Laws 46A-1-67.1. Repayment of loan may be deferred until execution of contract for project construction
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The provisions of § 46A-1-67 notwithstanding, repayment of any water project study loan that has been made or will be made pursuant to chapter 46A-1 by agreement between the South Dakota Conservancy District and any public or private entity may be deferred until the entity has executed a contract with the United States for the purpose of constructing the water project that was the subject of the study loan agreement.
Terms Used In South Dakota Codified Laws 46A-1-67.1
- Contract: A legal written agreement that becomes binding when signed.
Source: SL 1987, chapter 330, § 2.