SDCL § 11-15-10: Major metropolitan airport loan--Terms.

A loan made pursuant to § 11-15-9 must:

(1) Bear interest payable at the rate of two percent per year;

(2) Be unsecured;

(3) Require equal annual payments based on a twenty-year amortization;

(4) Require that the first payment be due one year from the date of the funding of the loan; and

(5) Be closed and funded on or before June 30, 2030.