Amends the process for distributing funds from South Dakota's employer's investment in future fund.
The bill amends the process for distributing funds from South Dakota's employer's investment in future fund. It establishes criteria for selecting research projects or economic development opportunities for loans or grants, sets a maximum interest rate for loans, and outlines requirements for grant applicants. The fund, administered by the Governor's Office of Economic Development, will use repayments for new loans. The Board of Economic Development must approve loans or grants.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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