46A-1-96. Special purpose water district loan program established--Funding. The special purpose water district loan program is hereby established to provide funds to any newly formed water development district, water project district, watershed district, irrigation district, or sanitary district for administrative and operating expenses during its first year of operation. Funds for the program, not to exceed fifty thousand dollars annually, are hereby continuously appropriated to the Board of Water and Natural Resources out of the money in the South Dakota water and environment fund established pursuant to § 46A-1-60. All money disbursed under this program shall be in the form of loans not to exceed a term of three years. The Board of Water and Natural Resources shall execute a loan agreement with participating districts under such terms, conditions, and repayment schedules as the board may determine. Funds shall be disbursed on warrants drawn by the state auditor on vouchers approved by the secretary of the Department of Environment and Natural Resources.
Source: SL 1996, ch 265, § 21.
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