Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.

  1. Law
  2. South Dakota Codified Laws
  3. Planning, Zoning and Housing Programs
  4. South Dakota Housing Development Authority
  5. Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.

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11-11-117. Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.

The authority may not disburse a loan for the acquisition of a homeownership housing unit until construction is substantially complete or the final insurance or guarantee certificate has been issued.

Source: SL 1980, ch 204, §17; SDCL Supp, §28-19-102.6; SL 1981, ch 221, §4; SL 1995, ch 80, §17.


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