{"data":{"id":"us-sd/sdcl-11-15-9","jurisdiction":"us-sd","citation":"SDCL § 11-15-9","heading":"Major metropolitan airport loan--Purpose--Maximum amount--Public hearing--Repayment.","body":"In addition to any other loan authorized in § 11-15-2, the authority may provide loans from the South Dakota housing infrastructure fund, created in § 11-15-2, to the owner or operator of an airport with scheduled air service located in this state and in a metropolitan statistical area with an estimated annual resident population of at least one hundred twenty-five thousand, determined as of July 1, 2024, by the United States Census Bureau.\nLoans provided under this section:\n(1) Are for the purpose of improving or maintaining airport infrastructure;\n(2) May not exceed fifteen million dollars per recipient; and\n(3) Are subject to the terms set forth in § 11-15-10.\nThe authority shall consider, and authorize or deny, any loan requested pursuant to this section at a public meeting held pursuant to chapter 1-25.\nAll moneys received by the authority in repayment of a loan made pursuant to this section must be deposited in the South Dakota housing infrastructure fund and used for making new loans pursuant to § 11-15-2.","path":["TITLE 11. PLANNING, ZONING AND HOUSING PROGRAMS","CHAPTER 11-15. SOUTH DAKOTA HOUSING INFRASTRUCTURE FUND"],"source_url":"https://sdlegislature.gov/Statutes/11-15-9","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"7b64663064fb2d487e5804c8d4b884e6ee953fa554d733dace4d67feb591a783","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-11-15-8","next":"us-sd/sdcl-11-15-10"},"notice":"GroundRules: Original legal text. Not legal advice."}