South Dakota § 1-53-37 - Promulgation of rules--Value-added agriculture subfund.
Full text of South Dakota South Dakota Codified Laws § 1-53-37 — Promulgation of rules--Value-added agriculture subfund., with citation guidance and answers to common questions.
§ 1-53-37. Promulgation of rules--Value-added agriculture subfund.
In connection with the administration of the value added agriculture subfund, the Board of Economic Development may, pursuant to chapter 1-26, promulgate rules the board determines are necessary to implement the purposes of §§ 1-53-34 to 1-53-36, inclusive, including:
(1) Setting the application procedures for those who apply for loans or grants from the value added agriculture subfund;
(2) Establishing criteria to determine which applicants will receive such loans or grants;
(3) Governing the use of proceeds of such loans or grants;
(4) Establishing criteria for the terms and conditions upon which such loans or grants shall be made, including the terms of security given, if any, to secure such loans; and
(5) Governing the use of proceeds by lenders of funds advanced to the lenders by the Board of Economic Development including the terms and conditions upon which the proceeds shall be loaned to borrowers for the purposes described in §§ 1-53-34 to 1-53-36, inclusive.
Source: SL 2013, ch 192, § 9; SDCL § 38-6-16; SL 2019, ch 235 (Ex. Ord. 19-1), § 57, eff. Apr. 14, 2019; SL 2020, ch 4, § 23.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 1-53-37
What does South Dakota Codified Laws § 1-53-37 cover?
Section 1-53-37 ("Promulgation of rules--Value-added agriculture subfund.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 1-53-37?
A common citation format is "South Dakota Codified Laws § 1-53-37" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 1-53-37 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.